During the 2007 Comprehensive Spending Review period, covering the financial years 2008-09 to 2010-11 inclusive, councils in England are required to submit information on their achievement of Value for Money (VfM) gains. This is done through one of the indicators in the National Indicator Set (NIS): National Indicator 179 (NI179).
NI179 is defined as: the total net value of ongoing cash-releasing Value for Money gains that have impacted since the start of the 2008-09 Financial Year. The definitions for each term used in the indicator description are:
In addition, councils may also include in NI179 the value of any cash-releasing gains achieved before 2008-09 where they are both ongoing and in excess of the council's 7.5 per cent efficiency target for the 2004 Spending Review period. The anticipated value of gains that each council can include in NI179 is set out in column EV of the spreadsheet: Backward Look Gains 2007-08 (MS Excel, 533 kb).
NI179 data is collected twice a year. In October, councils report their best available forecast for the value of VfM gains expected to be achieved by the end of that financial year. In July, councils report the actual value of VfM gains achieved at the end of the financial year just passed. It is on the basis of the outturn data submitted in July that the Department will assess councils' collective progress against their £4.9bn target for VfM gains by March 2011.
Guidance for councils on how to measure and report NI179 can be found on the efficiency information page. For more information about the NIS and the Data Interchange Hub through which NI179 data are reported by councils, see the National Indicator pages.
All the NI179 data received from councils during 2008-09 to 2010-11 will be placed online here shortly after it is received.
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