In 2008, drawing on the lessons learned from our programme of impact evaluations, Advantage West Midlands began the development and implementation of a new ‘Investment and Performance Framework’ (IPF). Its core purpose was to increase the Agency’s economic impact through the application of a logic chain approach linking inputs to measurable outputs, outcomes and impact (GVA return). The IPF helped to inform decisions over the strategic mix of our interventions as well as improving value for money.
Under the IPF the Agency’s interventions were organised into 12 ‘Strategic Functions.’ For each Function a specification was developed including a logic chain which set out the rationale for intervention together with the objectives, inputs, outputs, outcomes and impact to be achieved. The Strategic Function specifications were dynamic documents, to be updated on an ongoing basis.
Strategic Function Specifications