Economic Impact Assessments
The Market Research Group has a wealth of experience in the provision of economic impact assessments to clients in the private and public sector. We can make use of existing data or design and carry out any necessary primary research in order to assess direct economic effects. We then employ sophisticated multiplier and modelling techniques in order to assess indirect and other induced effects.
We are able to draw on substantial experience and expertise in this field from the School of Services Management to which we are affiliated. This also enables us to submit our work and methodologies to a process of peer review.
The following is a summary of a selection of our work in this area:
Potential economic impacts of redevelopments, investments or re-scaling. For example, this may include the economic impact of a proposed regeneration project, or assessments of the likely value of an investment in a sporting, leisure, corporate or academic facility in order to inform bids for support to funding bodies.
Current economic impacts of an ongoing concern. For example, this may include the contribution of a corporate concern to the local economy in terms of employment and macroeconomic "value", or sectoral studies assessing the contribution of a particular activity to the wider economy.
Informing bids for financial support to funding bodies this allows empirical data to support bids to all manner of funding bodies, for example Heritage Lottery Fund and Regional Development Agency bids.
The economic impact of a special event or festival to assess the effect of an event or festival it must be looked at in its broadest sense. The Market Research Group can undertake all work associated with this from the views of local residents to the filtration of income through the local economy.
For more information about our economic impact assessment or econometric modelling work, please contact John Brackstone Projects Manager Tel: 01202 963871.