Chair appointed to Office for Value for Money

David Goldstone has been appointed chair of the Office for Value for Money.

In his new role, Goldstone will advise the Chancellor of the Exchequer and Chief Secretary to the Treasury on decisions for the multi-year Spending Review

The work will include conducting an assessment of where and how to root out waste and inefficiency, undertaking value for money studies in specific high-risk areas of cross-departmental spending, and scrutinising investment proposals to ensure they offer value for money. He will also develop recommendations for system reform, underpinning a ruthless focus within government on realising benefits from every pound of public spending.

David Goldstone said: "I am honoured to have been appointed by the Chancellor and Chief Secretary to this important role. I look forward to working within government over the coming year to bring renewed focus to ensuring we deliver maximum value for the public in how money is spent."

Goldstone currently also works as a non-executive director of the submarine delivery agency, a non-executive director of HS2 Ltd, acting as HM Treasury’s representative on the Board, and a member of the Projects & Programmes Committee of GB Nuclear.

He has previously served as chief executive of the Houses of Parliament Restoration and Renewal Delivery Authority and as a member of the Board of the Major Projects Association.