Feasibility Studies & Business Planning
To determine the best value use of resources to achieve the objectives of an intervention, a robust assessment of the viability of a proposal is necessary. Assessment of a project’s feasibility and subsequent business planning enables project promoters to proceed with applications for funding.
BiGGAR Economics has worked with a range of public and private sector clients in financial assessments of projects in accordance with UK and Scottish Government Guidance and with best business practice.
Our approach to feasibility and business planning exercises involves a detailed assessment of income and expenditure generated by a project and the construction of a bespoke financial model that examines capital and revenue costs, markets and demand levels, revenue projections, cash flow and profitability.
- feasibility study for the Royal Highland and Agricultural Society of Scotland (RHASS) of a Scottish Centre of Excellence, focused on the food and drink sector, at the Royal Highland Showground near Edinburgh;
- preparation of a strategy and business plan for the East Lothian Fisheries Local Action Group (FLAG);
- preparation of a business plan for a the Offshore Renewable Energy Catapult, part of the Technology Strategy Board’s network of technology and innovation centres, as part of the successful bid for the centre to be headquartered in the International Renewable Energy Zone in Glasgow;
- business plan Dumfries and Galloway Council for the Crichton in Dumfries, a education and skills cluster that involves four higher education institutes (including campuses of the University of Glasgow and the University of the West of Scotland), two further education institutes, a business park, conferencing facilities, a hotel and heritage and public realm assets;
- feasibility study for the development of Milton Keynes Technopole an initiative to develop a physical science park next to the Open University which would also be the base for a regional initiative to provide support to innovative companies;
- feasibility study of the University of Aberdeen’s Life Sciences Innovation project, co-located with the Medical School and Aberdeen Royal Infirmary and designed to incubate spin-out companies and facilitate the growth of established life sciences companies;
- business plan assessing proposals to develop the Titan Crane listed structure in Clydebank as tourist attraction, including an assessment of demand for the attraction, economic impacts and a financial assessment of the viability of the attraction;