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North East Lincolnshire Investment Zone
Client:
North East Lincolnshire Council
Study objectives:
• Report on economic impacts associated with establishing a network of Investment Zones in North East Lincolnshire.
We were commissioned to assist the Council with its Expression of Interest return to Central Government for establishing a network of new Investment Zones in the local area.
The Council had identified a list of potential sites, with 14 selected sites carried forward for economic assessment.
The economic impact assessment work considered the potential Employment, GVA and Land Value Uplift returns possible on each selected site, and working closely with Council officers, we collated commercial and housing site evidence to:
• Set out the overall scale of development outcomes and economic returns possible through the delivery of the 14 sites
• Consider the counterfactual scenario and with IZ trajectories
• Consider gross and net local level impacts
Subsequent grouping of sites was then completed to set out clear Investment Zones, and reporting of impact results for each site then helped to completed North East Lincolnshire’s Expression of Interest return to Government.