making sense of place economics

Economic impact assessment

Economic impact assessment

Economic Impact Assessment

Assessing the economic impact of project investments requires effective techniques to define impact mechanisms and measure likely outputs and outcomes.

GENECON has been at the forefront of new impact assessment methodologies and has prepared many impact assessments to support investment decisions.

We have:

  • developed a bespoke economic impact model for Essex County Council to measure the growth effects of infrastructure proposals on key sites;
  • measured the economic benefits supporting the case for high speed rail station development in Sheffield, Bradofrd and Preston;
  • assessed the economic impact of Dogger Bank, the world's largest offshore windfarm, to support the consent process;
  • prepared an impact assessment of flood defence works in Calderdale for the Environment Agency;
  • assessed the impact of a new university-led construction skills centre of excellence in Wolverhampton;
  • Measured the economic benefits of Enterprise Zone investments in Leeds, the Humber, and Lancashire;
  • quantified the economic benefits of the Tees Valley's 'asks' under the Devolution agenda;
  • Assessed the economic impact of the closure of Ripon Barracks for the MoD and Harrogate Council;
  • advised Sheffield City Council on the economic impact of High Speed Rail services;
  • developed an economic model to assess the economic impact of East Sussex County Council's £500m Capital Programme;
  • measured the effects of new business space provision on local enterprise development across the South East and North East;
  • developed the economic case for Carbon Capture & Storage in the North East
  • assessed the economic effects of housing regeneration in Newcastle's West End, across the Tees Valley and in East Birmingham;
  • advised on the economic impact of Yorkshire's heritage assets and the impact of visitor facilities at Hadrian's Wall and Lowther Castle;
  • assessed the economic value of investments in major cultural facilities, including Margate's Turner Gallery, Liverpool's Everyman Theatre, Charleston House Sussex and a new events arena in Leeds;
  • examined the local economic impact of arts programmes in Lancashire;
  • developed a national 'tool-box' for valuing the economic benefits of Green Infrastructure.