Latest / Project Podcast / Levelling up and lessons from major projects, with Baroness Valentine
Transcript
- 0:08Welcome to the APM Podcast, brought to you by the Chartered
- 0:11Body for the Project Profession. This episode is part of our
- 0:14series of Senior Leader Interviews hosted by APM Chief
- 0:17Executive Professor Adam Morrison.
- 0:20This time, Adam is speaking to Baroness Valentine, having
- 0:24started out working in Corporate finance in the city in the
- 0:261980s. In recent years, Baroness
- 0:29Valentine has had what she describes as a portfolio career.
- 0:33Her current roles include Chair of Heathrow, Southern Railway
- 0:36and Co Director of Place at Business in the Community.
- 0:39As of 2005, she also sits in the House of Lords as a crossbench
- 0:43member, with the current focus on levelling up.
- 0:47She was also formally on the boards of both Crossrail and
- 0:50HS2. Listen on to here Adam and
- 0:54Baroness Valentine discuss what she took from her time in the
- 0:56City into her later career, why the UK struggles to commit to
- 1:00long term infrastructure plans, and whether the business
- 1:03environment in general has become more inclusive.
- 1:10I'm delighted to be here today with the APM Podcast and to
- 1:13welcome today's guest Baroness Valentine.
- 1:16Welcome. Hello.
- 1:18I'd like to start by asking you to tell us a bit about your
- 1:21career, if I may, from your days in the city, right through to
- 1:25your advocacy and charity roles and and of course the award of
- 1:28your peerage in 2005. I started in in corporate
- 1:33finance in the 80s. It must have been.
- 1:36I was the first female and corporate finance department of
- 1:38bearings. I then went and did a
- 1:41regeneration project in Blackburn and Darwin, a
- 1:44completely different field. Then came back to work for BBC
- 1:50student company leading on planning and finance.
- 1:54Then went to work for the London First I think which is a
- 1:58campaign group for London and then well and then sort of
- 2:02started a portfolio career during the 2000.
- 2:04So I've done National Lottery Commissioner, Peabody Housing
- 2:08Trust and at the moment I'm doing two days a week on
- 2:11levelling up essentially in sort of forgotten towns running OK,
- 2:15but I was on Crossrail and HS two boards.
- 2:19For the purposes of this conversation I am currently on
- 2:23Value and Index Property Income Trust.
- 2:26I'm obviously in the Lords as you mentioned I'm chairman or
- 2:30something called Heathrow Southern Railway and I just
- 2:34stopped being vice chair of UCL. So how you can make sense of all
- 2:38that, I don't know. I do sometimes reflect on it and
- 2:41think, well, why did it end up being like this?
- 2:45Yes, a lot of twists and turns though I was really interested
- 2:48that you you you went, particularly when you were
- 2:50describing your move from the city through to to the
- 2:53regeneration work that you kind of described it as being
- 2:56completely different. I'm I'm, I've had a few twists
- 2:58and turns in my own career not quite as many as as you.
- 3:01But what I've found is that sometimes it's the most
- 3:03unexpected things that you pick up in one aspect of your career
- 3:08that are really relevant to another aspect, probably in a
- 3:10way that was really unexpected. And I wonder whether you found
- 3:13that in your move from the city into regeneration that there
- 3:16were things that were really valuable that you've learned in
- 3:18the city that helped you in that regeneration work.
- 3:22The twists and turns are partly because I thought of myself as
- 3:27an equal to all the men around me and I was expecting ambitious
- 3:33things of myself and that was until much later on, not not
- 3:39really how other people saw me. So that has caused some of the
- 3:43twists and turns in terms of skill sets from different
- 3:47things. Funnily enough, the corporate
- 3:50finance side of things taught me, I mean there's all arrogance
- 3:55to investment banks doing corporate finance.
- 3:57And what you do is you you pull in as you know all the brokers
- 4:00and the whoever, the company and the accountants etcetera and and
- 4:05you basically orchestrate what they all do against a very sharp
- 4:10deadline typically of a issue of shares or takeover or whatever
- 4:14it is. And that taught me some some
- 4:17lessons which I've applied ever since I guess um which is I now
- 4:21and really have forever Carole stakeholders in one form or
- 4:25another to do things. And the other thing is it taught
- 4:29me about hard deadlines and in the public sector and the
- 4:33charity sector there doesn't seem to be as as clear and
- 4:37understanding of our deadline normally because there there
- 4:41isn't a real deadline. And the other thing for
- 4:44corporate finance is you absolutely don't talk about, you
- 4:47know, if you've got a thank you for going on, you obviously
- 4:49don't say it to party. You know I'm, I'm acting for
- 4:52blah and they're taking over blah.
- 4:55Whereas whereas the government has a very different
- 4:57understanding of absolute secrecy like that.
- 5:03You can reflect it on the challenges of being one of the,
- 5:06well, I think the only woman you were saying in in in some parts
- 5:08of your career. Do you think we've got better
- 5:11now as a, well, I'm thinking of the project profession, but
- 5:14probably the world of business more broadly.
- 5:16And what more do you think we still need to do to really make
- 5:19this a truly inclusive business environment?
- 5:24Yes, definitely got better. I mean I didn't know that I'm
- 5:27minded until I got to a 5050 male female environment in on
- 5:32London first. It was such a relief to not have
- 5:35to talk about male subjects all the time.
- 5:37So you know in in in bearings it was sort of shooting and fishing
- 5:40and in in Blackburn you know it was sort of you've got to do The
- 5:45Dirty job for it to be a real job etcetera In in BC it was
- 5:49golfing I suppose but in in London first at last I managed
- 5:55to sort of you could move between subjects to have
- 5:58conversations about rather than sort of stuck in in the ruts
- 6:01that have very male violent give you so.
- 6:04So what have we got to learn. I was on a panel talking to a
- 6:08load of young people in round old city roundabout who would
- 6:12techies young techies. And there are there are group of
- 6:15us oldies talking about it must have been a women's celebration
- 6:19day or something talking about barriers to work and none of the
- 6:22youngsters in the audience understood what we were talking
- 6:25about and they were also under 30 getting on with stuff.
- 6:29My, my daughter worked for a tech company actually around
- 6:32there and they had a policy of automatically having average
- 6:37male salaries the same as average female salaries.
- 6:40No matter who they brought in whatever.
- 6:42They would always average it out across the two sexes, which
- 6:45which I think is probably not good policy.
- 6:47But I think some of the tech startup type things are
- 6:51innovative on this stuff and sometimes a bit clunky.
- 6:53But I thought it was great that they were doing it and that they
- 6:56understood, understood this. Your world feels a bit more
- 7:01staid and traditional, I suppose if you think of sort of railways
- 7:05and and construction and that sort of side of things, it all
- 7:10still feels a bit male. You know you haven't got
- 7:14somebody Network Rail female or Transport for London who's
- 7:18female leading it. The the The funny thing was some
- 7:22environment. So I'm not talking about those
- 7:23two, but is when they're very male, they don't understand how
- 7:28bad they look. If you're female.
- 7:31We were talking earlier about the pictures on the wall, you
- 7:34know, if, if all the pictures are of men, if you go into a
- 7:37training centre and you're female, you know, obviously
- 7:39that's not quite working. Ditto ethnic minorities.
- 7:42Obviously if all your pictures are white people that doesn't
- 7:44resonate everywhere. So I think role models are are
- 7:47very important. It was interesting in your
- 7:51reflections there on particular sectors, you know, the kind of
- 7:54the gender balance in different sectors.
- 7:56One of the things I excites me about the project profession is
- 7:59that, you know, whilst it started in kind of telecoms,
- 8:03infrastructure, construction and so on, it's really broadened out
- 8:06now to be kind of a truly kind of pan sector profession.
- 8:10And what's really interesting is, you know, we've now got some
- 8:12sectors, uh, you know, education being a good example, where
- 8:15actually you get a gender skewed the other way.
- 8:18And I'm, I'm hoping that as a whole that helps to kind of
- 8:21balance things out across the profession.
- 8:22But you're absolutely right, there's certain sectors where
- 8:24there's definitely much more more to be done.
- 8:26One of the things I've been reflecting on, which is whether
- 8:29the project profession actually has a bit of an image problem.
- 8:32Because in my, in my mind, before I got involved with a PM,
- 8:35I always kind of had this idea that I don't know, project
- 8:38managers are all about kind of Gantt charts and templates and,
- 8:41you know, telling people what to do and, you know, probably
- 8:44limited to certain sectors. And, you know, my eyes have been
- 8:47opened really. And so I do wonder whether
- 8:49they're particularly leaders when they're really
- 8:51organisations are not particularly aware of the
- 8:54project profession. I wonder whether they just think
- 8:56it's a really technical kind of administration type thing rather
- 9:00than something that really adds value in terms of delivery,
- 9:04particularly strategy delivery, you know?
- 9:07In business 11 is basically doing project and programme
- 9:10management all the time of what happened level you're operating
- 9:14with. One probably doesn't think of it
- 9:16as a sort of profession whilst doing it.
- 9:19So yes I think you know as as I started I I I'd sort of
- 9:22pigeonholed it into railways when you asked me the question
- 9:26but I'm I'm I'm well aware of the need for the expertise daily
- 9:31from everybody really. Some bits of the civil service
- 9:35have got this really well honed. Some bits are in terms of what I
- 9:40want out of the civil service it's often not well homed but
- 9:44but the charity sector this this bizarre thing about having to
- 9:49have impact evaluation. But it it appears to me to be a
- 9:54substitute for the fact that people haven't really said this
- 9:59is my objective. You know this will happen if
- 10:02I've if I've done it but the way that both the charity sector and
- 10:06the public sector use sort of KPI's it's sort of box ticking I
- 10:10suppose is what I'm trying to say and because they use the box
- 10:14ticking they failed to do the the big picture objective.
- 10:18So there's something in that space.
- 10:21Understand exactly what you mean.
- 10:23I was having a conversation actually just yesterday and I
- 10:25put four statistics up on the screen about what percentage of
- 10:29projects have been successful over the past.
- 10:32I think it was the past five years.
- 10:33Um. And I asked people you know
- 10:35which statistic they thought was right and it went from kind of
- 10:38nought .5% of projects are successful right through to 30%.
- 10:42None of them particularly optimistic I should say.
- 10:44And the reality was they were all correct because it depended
- 10:47on how you determined what we meant by project success.
- 10:50Because some of those statistics were, were really saying
- 10:53actually if you deliver your project on time within budget to
- 10:57the required specification, then that's that's the measure of
- 11:00access. But others were, you know,
- 11:02exactly to the point that you're you're saying we're saying, well
- 11:05actually that's that's only part of the job.
- 11:07You only really know if it's been successful, if you realise
- 11:10the benefits. And that might be 10 years after
- 11:13you've finished the actual core delivery if you like.
- 11:16So I think that vision, I suppose, of what what we mean by
- 11:19success is not consistently understood in in my opinion.
- 11:23No, I mean I have this very much on on the levelling network I'm
- 11:25doing in the towns around around the UK at the moment because
- 11:29clearly if you're tackling deprivation you're not going to
- 11:32sort that out overnight and yet you don't want an excuse for you
- 11:38know spending lots of time researching or just twiddling
- 11:41your thumbs in the in the 25 years while you wait for the for
- 11:45the deprivation measure to actually change sustainably.
- 11:48So. So we we tend to do milestones
- 11:51along the way that we think will impact the the deprivation
- 11:54statistic and then sort of check them every year.
- 11:58So when we were campaigning on Crossrail when I was at at
- 12:01London first, our objective obviously was to get Crossrail,
- 12:04but we would have getting it through Parliament as you know,
- 12:08one objective or whatever it is each year we would have a a
- 12:11milestone objective so that you genuinely are making progress,
- 12:15you hope. Well, let's talk about some of
- 12:18the specific areas that you, you've kind of, you know,
- 12:20touched on as as you've been giving your responses so far.
- 12:23So let's let's maybe start with Crossrail.
- 12:25I think you sat on the border Cross Rail from 2019 to 2020 and
- 12:29this was a project that you know, experienced widely
- 12:33publicised delays, cost overruns.
- 12:35But actually despite all of that, if you ask people now the
- 12:39Elizabeth lines there, you know what do they think of it?
- 12:41It was really credited both for the end product but also for the
- 12:44successful turn around and the grand opening and so on.
- 12:47I just wondered what your insights and reflections were
- 12:51from your time on the Crossrail board and and that kind of
- 12:54almost 180° turn around there? So I think you know big
- 12:59infrastructure projects that that disrupt people and spend a
- 13:02lot of money look like white elephants I suppose as you run
- 13:07into them. I mean the the time that I was
- 13:10on the Crossrail board. So I came in after all that
- 13:14trouble with cost overruns and it wasn't finished and all that
- 13:17things. So we were a new board came in
- 13:19in it was it 2019, you said I was there and when I left it was
- 13:24because the the Crossrail went in underneath Transport for
- 13:27London, so it was brought much more under the Transport for
- 13:32London umbrella. So the the line and the stations
- 13:35were pretty much built by the time I arrived.
- 13:39There were thousands and thousands of snagging issues and
- 13:42of course the suspicion that all the consultants working on it
- 13:46are just trying to do more work because that's how they get
- 13:49paid. So they're just going to find
- 13:50another snag and recommend how you deal with it and blah blah
- 13:54blah blah. My perception about that was
- 13:59that unless Transport for London really started pulling Crossrail
- 14:04into Transport for London, they would never get.
- 14:08They were going to keep going round in circles because it was
- 14:11never in Crossrail's interest to hand over to TF LA Station that
- 14:16might have something wrong with it, you know?
- 14:18So Crossrail wanted to make sure they've they've dotted all the
- 14:21eyes across all the teeth From Transport for London's
- 14:24perspective, they didn't want to take on the headache of an
- 14:27additional line and station that they had to manage.
- 14:29So at the time, it looked like a headache from TFL's perspective
- 14:34and no real incentive to complete on the Crossrail side,
- 14:38even though allegedly there there was.
- 14:40Because you've got all that baggage of all the consultants
- 14:43and contractors working for you that they're in.
- 14:46They're not. I don't know how you would you
- 14:49would know better than me how to incentivise properly in that
- 14:51sort of situation. But but government does seem to
- 14:54get itself into position where one just hires loads and I've
- 14:57got nothing against consultants. Please don't take it to this but
- 15:00as loads of people and and then doesn't really know how to
- 15:04control them. The other thing I remember
- 15:06clearly from that era was we had a risk register.
- 15:09But I was, I was looking at risk registers and thinking actually
- 15:12are these real, You know, there's 500 risks.
- 15:15Yeah. Does anybody ever really think
- 15:17about them? So I'm always keen on on risk,
- 15:21risk registers, whatever you want to call the strategic risk
- 15:24register of sort of 5:00-ish risks that you actually can sort
- 15:29of touch and feel and get your head around.
- 15:31And in Crossroads guys, they had a risk register roughly of that
- 15:37type. I gonna have an 100 items
- 15:39whatever. And but it wasn't connected to
- 15:43network rails risk register and TFL's risk register and I said
- 15:47for goodness for goodness sake you know this is your trains are
- 15:52going to come out and go on to Network Rail tracks and they've
- 15:55got to come out and you know tear on these things and these
- 15:59risks need to be aligned anyway that did happen but it didn't
- 16:04seem to be obvious to people that that needed to happen which
- 16:08I found odd but the other thing is we we did have Network Rail
- 16:13coming in updating us monthly or by multi remember but we we
- 16:19weren't good but saying actually because this sort of risk
- 16:22register thing wasn't clear what is the information we we want
- 16:26you to give. So all they would do is come up
- 16:28come up and say you know we've we've done some work with some
- 16:30concrete on platform on reading or whatever it is.
- 16:33You know, we've done our homework here.
- 16:34Here's what we've done as opposed to, you know, this is
- 16:37what we we need to be doing by when.
- 16:40This is what's working. This is not what's not working.
- 16:43That's really insightful. Thank you and and and a couple
- 16:46of things for those people listening to to to this podcast.
- 16:49So we APM has partnered with both Crossrail and with HS2 to
- 16:53to produce learning legacy type documents.
- 16:55They're available on the app and website and for people who are
- 16:57interested in knowing more about some of the lessons learned on
- 17:00those two projects of which there have been many, then you
- 17:04you, you, you can obviously access those.
- 17:06But I wanted to just pick up on one thing you said if if if I
- 17:08may by Baroness Valentine which was you talked about some of the
- 17:12kind of contractors who might be in the supply chain where
- 17:15there's almost no incentive to kind of do a good job if you
- 17:19like or not. Well, not no incentive, maybe
- 17:21not not lots of incentives to do a good job because actually you
- 17:25don't want to bite the hand that feeds you.
- 17:27And for the project goes on longer, that's obviously good
- 17:29because that's where your income comes from.
- 17:31But I think there's also another issue, which is if something's
- 17:34going wrong, what's the incentive to call it out and say
- 17:37that it's going wrong early on because that might also get you
- 17:41kind of booted off the project, especially if it's, you know, in
- 17:44your area. And all of those things kind of
- 17:46fall into this category of what I think of a strategic
- 17:49misrepresentation where right the way through the supply chain
- 17:53you might for different reasons, you've got people who are not
- 17:56being totally transparent about what the reality of the
- 17:59situation is. So those making the strategic
- 18:02decisions might have the risk register and everything in front
- 18:05of them like you've just described, but that's not
- 18:07necessarily giving an accurate picture of what's going on.
- 18:11That was allegedly very true across rail before before I got
- 18:15on the board. So it's as you will know the the
- 18:18there was a sort of flare up with it when it was alleged to
- 18:22be ready and then and then it was two years away and and that
- 18:25was absolutely alleged to be an issue that the that the issues
- 18:28at mid level were ground level were not being surfaced to the
- 18:31top And I think that's poor line management.
- 18:34That's just that just is poor line management.
- 18:39Well, I think I'm not meaning to blame anyone.
- 18:41I think of all the people I work with on these things are are are
- 18:44generally very good and generally trying trying to do a
- 18:49good job. We're a PM, the only chartered
- 18:54membership organisation for the project profession.
- 18:57When you become an APM member, you'll receive the resources and
- 19:00support you need to make an impact delivering better
- 19:03projects with better outcomes. Plus you'll access exclusive
- 19:07training and benefits to support your ongoing career development.
- 19:11Find out how we can help you reach your potential by visiting
- 19:14apm.org.uk, Because when projects succeed, society
- 19:19benefits. Can we move on to to business in
- 19:24the community because you mentioned that as well earlier
- 19:26on ahead of this kind of conversation.
- 19:28I, I, I, I wouldn't have a a look on the website and and I
- 19:31really like the focus on kind of green and sustainability and and
- 19:36so on and combining that with the kind of the business side of
- 19:38things, it was obviously very strong within business in the
- 19:42community. I don't see that as strongly in
- 19:44every business. Do you think businesses have got
- 19:47a lot to learn from business in the community?
- 19:49You know, why do you think not everybody has got that razor
- 19:52sharp focus on on green, the business in the community's got?
- 19:57When you get down to people who are really struggling with cost
- 19:59of living and things like that, whether you're being green is
- 20:02secondary to to whether you can eat for the day.
- 20:04So at business security, one of the things we're just newly
- 20:08doing is as a community climate fund.
- 20:11Which is trying to help communities move to net zero and
- 20:15we're trying to be innovative about different ways of doing
- 20:18that. But it but it's really simplest,
- 20:20it would be putting solar panels on a on a community building or
- 20:25doing allotments to get local food production, whatever.
- 20:29But you can see perfectly well why there's residents don't have
- 20:32it as priority and that connects quite closely to SME's.
- 20:36And so SME's likewise probably don't largely have it as a
- 20:41priority because they sort of don't have the luxury of
- 20:44thinking about it. If you then talk about larger
- 20:48companies, I guess you need to look through to the investors.
- 20:52I'm not sure whether the city and their investors is is quite
- 20:58a sharp edged as they could be on on this green stuff and we
- 21:02wish you the green bond in in UCL which was which was
- 21:06interesting but but there's a question I guess as an investor
- 21:10are you prepared to take a slightly lower dividend or
- 21:14interest rate for something being green and and most
- 21:19companies aren't having that sort of conversation with their
- 21:23investors and that would be interesting.
- 21:25So if you're not in that space, you're basically looking at
- 21:28technology which is is green or satisfying regulation or or
- 21:34stuff you can do that doesn't cost.
- 21:37You kind of touched on levelling up as well.
- 21:38I know this is something that's really close to your heart.
- 21:41I wonder if you might tell me what you see as the main
- 21:43challenges in rebalancing wealth and opportunity across the UK.
- 21:49I don't know whether the aim is to whether whether a credible
- 21:54aim is to rebalance the economy and it does play into the
- 21:57question about London's role in the in the UK but and I'm very
- 22:01anti any suggestion that London should be levelled down but so I
- 22:05think if you're looking at a bunch of difficult places there
- 22:09there must be loads of around the UK.
- 22:11It's probably 1000 from the sort of thing I do, which is to go in
- 22:17and try and get local stakeholders to buy into a a
- 22:22route map where where they with some help from others, can
- 22:26actually identify where they want to get to and start work on
- 22:30getting turning around a tower. So Blackpool I did a lot of work
- 22:33in, so setting an agenda for action and then actually
- 22:36implementing it. I would love the levelling up
- 22:39department to work better with what I do.
- 22:43I I don't need a lot from them. I just need to strategic
- 22:46engagement and a bit of match funding for some of the stuff we
- 22:50do. They throw millions at places
- 22:53but but actually in the early days we're just trying to get
- 22:56people aligned to a common agenda.
- 22:58You don't need a lot of money at that front end but actually it's
- 23:01sometimes counterproductive to put in money before you've got
- 23:04the trust built locally. But so I think places need to
- 23:09have the right dynamic to start levelling up and sometimes
- 23:13you've got weak councils and sometimes you've got weak
- 23:18business, sometimes the communities are at war with each
- 23:21other, whatever. So it for me it feels like a
- 23:24constant ambition but going with the grain of where it's possible
- 23:31and and being smart about going in and supporting other
- 23:35Manchester combined authority if they if they if they're starting
- 23:38to move in the right direction, getting behind them and really
- 23:42helping make that happen. So it's a very difficult
- 23:46question now you level up a country and as any government of
- 23:51the future will be thinking about.
- 23:54You obviously are a a huge advocate for for London as well.
- 23:58You mentioned that in there you know you don't want no
- 24:00suggestion at all of 11 debt levelling down London and I'm
- 24:04just reflecting on your your time running London first
- 24:08obviously now called Business London which advocated for still
- 24:12advocates for London as a business hub.
- 24:14There is that view that that we're quite London centric as a
- 24:17country and that's a kind of barrier to economic growth in
- 24:20other places. What do you say to those kind of
- 24:23people who have that, who have that view?
- 24:25Are they right? Yes, Um, we've got power bases
- 24:31in London, which are the City, the government and to a lesser
- 24:35extent probably higher education.
- 24:38I'm always disappointed when ministers and civil servants say
- 24:42they're coming up to Sheffield or Blackpool or whatever and
- 24:46they they cancel because in their eyes something more
- 24:49important has come up. And that just to me says such a
- 24:52lot about the attitude. So, you know, if you're going
- 24:56out to somewhere that really values your turning up and
- 25:02cares, you know, about work stuff, then that needs to be far
- 25:05better respected than thinking that a minister suddenly, I
- 25:09don't know, the Secretary of State called you into a meeting.
- 25:12The Secretary of State should be told I've already got a meeting
- 25:14up in Blackpool though I'm not coming but that's you know that
- 25:18that would be that's not the way it works.
- 25:21So if I were thinking about UK long term I would definitely
- 25:26seek to move probably government out of London in some way.
- 25:31They're always theoretically doing that.
- 25:32I think devolution is the much the strongest lever for doing
- 25:37that. So I think the combined
- 25:38authorities, the mayoral things is is is a good, good direction
- 25:43of travel and and both parties are really heading in that
- 25:45direction. Let's talk a bit about securing
- 25:49government backing for projects at the moment.
- 25:52Sometimes we see projects getting approved which are, I
- 25:56don't know, maybe pet projects or vanity projects or ones that
- 25:59are politically expedient rather than necessarily always the
- 26:02right projects and programmes that will be, you know, the best
- 26:05for society long term. Why do you think that kind of
- 26:09thing happens, and and what do you think government could or
- 26:12should do about it? Well, I I mean I hoped the
- 26:17National Infrastructure Commission was going to be, um,
- 26:20helpful on this. I mean we seemed to be so bad at
- 26:22committing to long term plans and infrastructure plans in this
- 26:26country. I have to go across across
- 26:29parliaments. So you know you need to be 20
- 26:32years. In fact my the chief executive
- 26:34of Heathrow Southern Railway was in was in Berlin two days ago
- 26:39and just talking about how the Germans do to who of course have
- 26:42a much clearer plan which has the disadvantage of if you can't
- 26:45change it very easily. So I'm probably mindless that
- 26:51the wrong projects are done. So I think if there are
- 26:54infrastructure projects which have some benefit and have
- 26:59little disc benefit, I mean not not enough are done by thinking
- 27:03about the wider wider social environmental impact which which
- 27:07I hope the treasury is beginning to get better at but but but you
- 27:12know who who is 1 to judge what are what are right and the wrong
- 27:15project is but but I do think we desperately need a long term
- 27:19direction of travel and and and I'm thinking particularly of the
- 27:22airport stuff so. So you know we set up the
- 27:25Airports Commission to decide what we were doing, but then
- 27:27we've essentially not been doing what it recommended for 10 years
- 27:32now or whatever it is. So we just seem to be incapable
- 27:37of taking that long view. I when you when people talk
- 27:40about restructuring the Lords and the and the Commons, I would
- 27:44be quite interested in some relationship between the Lords
- 27:47and the Commons where where the Lords sort of owned the longer
- 27:51term plan. So so you could have some 20
- 27:55year plans on housing, education, whatever which will
- 27:58need to go across parliaments and and somehow the Lords could
- 28:02be the conscience of that where where the Commons is doing all
- 28:05the political infighting and you know their their day-to-day
- 28:09stuff. That would seem to me to be a
- 28:12helpful role for the Lords. Yeah, it's really interesting
- 28:16idea. I've never thought about that
- 28:17before, but it does make sense because obviously you've got
- 28:19more continuity in in in that house.
- 28:22Just one final question before we probably need to wrap up.
- 28:25Sometimes when I talk to senior civil servants, occasionally
- 28:29politicians as well, they talked to me about the fact that
- 28:31sometimes trying to get the right projects approved is
- 28:35really, really difficult because either they're going to cost too
- 28:38much money, they're not going to be completed within their
- 28:40political tenure. Maybe they've described the
- 28:43situation where they kind of almost are not completely
- 28:47transparent about the full complexity or full cost or how
- 28:50long the project's going to take up front.
- 28:53Because they say, uh, it's much easier to get a project approved
- 28:57by going for something simpler and then and then to go through
- 29:01the change control process once a project is already approved.
- 29:05And that's an easier way of getting to the end game.
- 29:08And and of course, that just ends up costing the public purse
- 29:11a lot more because, you know, because we're not being clear
- 29:14about costs and things from the outset and it takes longer.
- 29:17And then we end up with all of this, you know, stuff in the
- 29:19media about projects failing because they're late and so on.
- 29:22I mean, that feels to me like a, a really wrong way to go about
- 29:27things. I mean, is that a genuine
- 29:28problem, do you think? Or or is it just something that
- 29:31happens occasionally? I mean I haven't thought about
- 29:34it quite that way, but when certainly what I see is, is
- 29:37projects going in that cost 2 billion which you know probably
- 29:40common sense would tell you cost 5 billion.
- 29:43I mean I I think the Treasury must be quite quite aware of
- 29:47this sort of issue. I I was thinking earlier about
- 29:51the the Department of Transport and Treasury and in managing
- 29:56projects like Crossrail or HS2 because I I always think the
- 30:00client really has to bear the brunt of the project doesn't
- 30:03work. So it's all very well saying HS2
- 30:05or Crossrail have failed but actually the governance going
- 30:10back up the chain is failing and you know it's all it's very easy
- 30:15again to beat up government departments but I think because
- 30:20no one quite has the authority to to be the client probably you
- 30:25know you've got the Treasury looking over your shoulder if
- 30:27you're the DfT so you never feel like you're quite in charge and
- 30:33it's something around that we we did it just two I think where I
- 30:37think that the the risks on a project we're doing would looked
- 30:40at 9 times before they were authorised and we actually
- 30:45worked out that we were building risk in by doing that process
- 30:48rather than reducing risk. So there's something about that
- 30:54whole process which which is very unhealthy.
- 30:57I think the Infrastructure Projects Authority, you know
- 31:00there's there's been attempts to to to to deal with these things
- 31:04better, but they're thought of as processes, whereas actually
- 31:08the sort of accountability that needs to be sorted out probably
- 31:13why you've got a strong lead. I think Michael Gove is a strong
- 31:16leader on on on levelling up. You can then sort of hold the
- 31:20Fort a bit better, but mostly things aren't strongly led to
- 31:24the minister changes, Secretary of State changes, etcetera.
- 31:29So I don't. I don't know what the solution
- 31:31is, I'm afraid. OK.
- 31:33Well, yeah, it's good to hear your reflections on that.
- 31:35But Baroness Valentine, thank you very much for your time.
- 31:38It's been a pleasure. Thank you.
- 31:40I've enjoyed talking to you. Thank you for joining us for
- 31:48this episode of the APM Podcast. If you enjoyed it, don't forget
- 31:51to subscribe. Leave us a review, but why not
- 31:54contact us with your feedback at apmpodcast@thinkpublishing.co.uk?
- 32:00For more on levelling up, check out the resources published by
- 32:03APM as part of its Future Lives and Landscapes campaign, which
- 32:07seeks to raise awareness of the social value of projects by
- 32:10highlighting the many benefits they create for people and
- 32:13communities, and by helping practitioners and organisations
- 32:16incorporate benefits into projects to shape the future
- 32:19economic, social and physical landscape of the UK.
- 32:23To find out more such future lives and landscapes at
- 32:26apm.org.uk or see the link in the episode description.
- 32:31That's it from us for today. Thanks for listening.