Read our Value for Money (VFM) report for 2014/15
VFM underpins the delivery of our vision and strategic aims.
Value for money (VFM) is used to assess if an organisation has obtained the maximum benefit from the goods and services it acquires and/or provides, with the resources available. It not only measures the cost of goods and services, but also looks at the mix of quality, cost, suitability and timeliness to judge if they represent good value. Our VFM strategy helps to inform decisions about our VFM priorities and we annually align our VFM targets to our business plan.
The Board’s overall assessment for 2014/15 is that we have successfully delivered against our value for money targets during the year. This self-assessment sets out in detail these achievements and how we have performed against our targets.