Key steps in setting up a JV

1.23 An overview of the typical key steps and actions for a public sector body to take in order to set up a JV is shown in Chart 1.A below. The Chapters in this Guidance have been set out broadly in the order of the steps described in Chart 1.A, albeit a number of the steps will require iterative consideration.

1.24 In any event, following initial consideration and planning the public sector body should prepare an outline business case or 'business plan' consistent with HM Treasury's Green Book and associated general guidance13 and where applicable other best practice material relevant to the public sector body.

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13 Public Sector Business Cases using the Five Case Model (www.hm-treasury.gov.uk/d/1(3).pdf and www.hm-treasury.gov.uk/d/2(3).pdf).