Business plan document download
In line with best practice, MOSL has adopted a multi-stage process for the development of the bilateral transactions programme’s business plan, i.e.:
1. Programme Initiation Document (PID)
2. The Strategic Outline Case (SOC)
3. Outline Business Case (OBC)
4. Full Business Case (FBC)
At each stage the business case is judged against five criteria (i.e. the Strategic Case, Economic Case, Commercial Case, Funding Case and Delivery Case).
The Strategic Outline Case (SOC) concluded that all five criteria either had a positive case that could be evidenced or that a positive case was forecast. Approval to proceed was given in April 2020.
Building on the work of the SOC and the data gathering exercise with participants earlier in 2020, MOSL developed the Outline Business Case (OBC), which concluded that all five criteria continued to be positive, with two – the Commercial Case and Delivery – strengthening to ‘evidenced’.
The Outline Business Case was approved by the MOSL Board (which includes representation from across the industry) on 27 May 2020.
Key findings at Outline Business Case stage
- MOSL has identified 24 potential benefits for the Bilateral Transactions Programme
- Of these, 13 represent quantifiable cost and efficiency savings with a potential value of between £0.7m and £1.7m per year across the industry. The OBC is based on a conservative mid-case scenario of £1.2m per year
- A further nine potentially significant benefits have also been identified in relation to market improvements. Although not quantifiable in financial terms, MOSL recommends strongly that they are recognised when considering the programme
- MOSL currently estimates that the development of a technical solution and ongoing maintenance will require funding of between £2.0m and £3.2m over five years, excluding participants’ own costs.
See below for a link to a summary of the Outline Business Case and the full Outline Business Case document, which is currently available to MOSL members only.
The bilateral transactions team is now developing the Full Business Plan, which is due for consideration at the end of September 2020.