ECONOMIC APPRAISAL & ECONOMIC IMPACT ASSESSMENTS
Where the public sector funds interventions in the economy, it must determine the potential impact of these initiatives on the local and regional economies, and ultimately assess whether the expenditure represents best value and provides employment, Gross Value Added (GVA) and wider impacts, including environmental impacts. Assessing economic impact allows judgements to be made on the level of risk in proceeding with a project, whether there are better ways to achieve an objective and whether resources could be used more effectively elsewhere. BiGGAR Economics has worked with a range of public and private sector clients in the assessment of economic impacts of projects in accordance with HM Treasury Guidance in the 'Green Book'. We have experience of presenting appraisals to approval committees such as Whitehall's Central Projects Review Group and HM Treasury.
PROJECTS
- economic appraisal of London Thames Gateway's proposals to establish a linear park that links the Thames, across the river from the O2 Arena to the Olympic Park, improving the quality of life for local residents and facilitating planned development;
- multi criteria appraisals of a range of proposed investments by University College Dublin including the Global Ireland Institute, a new data centre, the Sutherland School for Law and the Charles Institute for Dermatology;
- economic appraisal of Orbis, the offshore renewable centre of excellence in Lowestoft;
- economic appraisal of the Clyde Waterfront Regeneration Initiative, a major regeneration project to regenerate the waterfront from Glasgow city centre to the west;
- economic appraisal of the North West Business Start-Up programme, targeting groups and areas of the region with the lowest business start-up and survival rates:
- economic impact studies and appraisals of the supply chain opportunities associated with the development of a range of wind farms across the UK;
- economic impact assessment of Edinburgh Castle for Historic Scotland;
