This guidance seeks to ensure that UK Aid Direct applicants and grant holders understand what the Department for International Development (DFID) means by Value for Money (VfM), and more specifically:
• The terms that relate to VfM in UK Aid Direct guidance and templates
• The key principles for understanding VfM in any context
• How to use VfM during programme design and implementation.
We have also outlined some common VfM misconceptions and VfM considerations during the application process.
