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Economics
We help our clients to calculate and demonstrate the economic impact of proposed schemes, with a focus on establishing Value for Money returns.
We use a variety of proven techniques including:
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Green Book Impact Assessment
We complete robust assessments of Land Value Uplift, Employment, GVA and Social and Environmental Impacts. All of our impact assessment work is completed to recognised HM Treasury Green Book standards.
Options Appraisal
We help clients to develop a Preferred Investment Option, based on scenario testing of investment and delivery options. This enables efficiency in project delivery and maximises the economic return on investment.
Programme and Project Assessment
Our impact assessment work ranges from individual projects to major capital programmes. We have assessed the benefits of capital projects including business parks, housing developments, flood defence infrastructure, new visitor attractions and capital grant schemes.
Stress Testing and Sensitivity Analysis
All of our Impact Models are developed for flexible adaptation, enabling validation, stress-testing and reflection of uncertainties. This is a critical aspect of impact assessment methodologies.
Scrutiny and Validation
We regularly provide peer review and appraisal of impact assessment approaches to provide clients with assurance over the validity of impacts claimed. This enables effective investment decision-making.
Financial Modelling
We regularly develop financial projections to help inform assessment of Value for Money. This enables effective comparisons of Benefits against costs, from which Benefit Cost Ratios (BCRs) can be derived.
Impact Approach Innovation
We develop new approaches to impact assessment work typically for non-standard development. Our pioneering approaches become recognised practice in national impact assessment work.
Wider Benefits Assessment
Alongside quantitative assessments, we typically identify and set out a range of wider economic, social and environmental benefits associated with an investment. This ensures full presentation of impacts, whilst also often reinforces a strategic rationale.
Place-based Assessment
We regularly complete Economic Assessments and Socio-Economic Impact Assessments of local economies across the UK, typically to assist with strategy formation or planning consents. Deep dive research generally draws on a range of nationally recognised statistical evidence and local sources, typically reflecting a ‘People, Business, Place’ format.
Case Studies
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