Regulation 29 Valuation of applications

(1)

The delivery body must determine in respect of an allocation round the valuations in paragraph (2)(“applications valuations”) for—

(a)

each delivery year;

(b)

the period comprising all delivery years; and

(c)

any period after the last delivery year as may be set out in the allocation framework.

(2)

The applications valuations are—

(a)

the valuation of each application and all applications;

(b)

the valuation of each qualifying application and all qualifying applications;

(c)

the valuation of—

(i)

each application which is subject to a non-qualification review or an appeal, where the review or appeal has not been determined; and

(ii)

all such applications;

(d)

where a pot applies for the allocation round, the valuation of—

(i)

all applications to which the pot applies;

(ii)

all qualifying applications to which the pot applies; and

(iii)

all applications subject to a non-qualification review or an appeal, where the review or appeal has not been determined, to which the pot applies;

(e)

where maxima or minima apply, the valuation of—

(i)

all applications to which maxima or minima apply;

(ii)

all qualifying applications to which maxima or minima apply; and

(iii)

all applications subject to a non-qualification review or an appeal, where the review or appeal has not been determined, to which maxima or minima apply.

(3)

The applications valuations—

(a)

must be carried out in accordance with the appropriate method of calculation set out in the allocation framework; and

(b)

must not include the valuation of an application which has been withdrawn at the date on which the valuation is carried out.

(4)

The delivery body must make available to the Secretary of State the applications valuations.

(5)

The allocation framework for the allocation round must set out the dates by which the applications valuations must be carried out.

(6)

The allocation framework for the allocation round may—

(a)

set out a period after the last delivery year for which applications valuations are required; and

(b)

require the delivery body—

(i)

to make available such further information or analysis in respect of such applications valuations as may be specified in the allocation framework;

(ii)

to provide some or all of the applications valuations to a person or persons (other than the Secretary of State) as may be specified in the allocation framework; and

(iii)

to make publicly available any or all of the applications valuations on such date or dates as may be specified in the allocation framework.