2.5 Where Local Authorities are in receipt of central funding, they will be required to adhere to this guidance. Stage 1 will be completed by sponsoring departments as part of their request for PFI credits which usually takes place as part of the Spending Review process. The finalised programme level analysis should then be passed on to the relevant project teams within Local Authorities once an individual project has received an indication that it may draw up an OBC to take to the PRG from the sponsoring department. The Local Authority project team, in conjunction with the sponsoring department, will then become responsible for completing stages 2 and 3 on that individual project. The quantitative VfM assessment does not form the basis for calculating affordability or for the allocation of PFI credits, which must be estimated separately.