Economic Impact Analysis
Cebr can help you to calculate the economic, social and environmental impacts of:
- Your business or sector
- Specific products or services
- Investments, projects, events or programmes
- Current or potential government policies
Our economic impact assessments can be delivered on an international, national, regional and local level.
Economic impact definition
An economic impact study looks to calculate the overall economic impact of a particular entity. It goes beyond existing data found in annual reports or financial statements, creating a holistic measure of an entity’s contribution to the economy.
This starts with the direct effects, which are largely related to the entity’s gross value added, direct employment effects, or generated tax revenues. We then calculate indirect effects, which include spending through the supply chain and associated further support of local businesses. We typically also include induced effects, which are the impacts of household incomes due to employment created by the entity, which in turn support consumer spending and further rounds of economic impact. This is all done using our established in-house model, which can go down to the regional or even local economy level.
How do you measure social impacts or environmental impacts?
Alongside the estimation of economic impacts using existing modelling frameworks, we can extend projects by providing bespoke research that demonstrates social impacts. This can include positive impacts through innovation, training & retraining, charitable work, support for local businesses, etc.
Our in-house model can be extended to capture environmental impacts, including throughout the supply chain. These can be used alongside client data or modelled estimates in terms of positive environmental impact from an activity, in order to calculate the net environmental impact.
Why would I undertake an economic impact analysis?
Most economic impact analyses are created to support engagement with key stakeholders, including:
- Shareholders
- Employees
- National and local governments
- Planning authorities
- Local businesses
- Media and the general public
Demonstrating your contribution to the economy can achieve the following objectives:
- Raise awareness of your business and your brand
- Improve your business’s reputation
- Lobby for a change in government policy
- Secure funding for an investment, project or programme
- Secure planning permission for an investment, project or programme
Do you think an economic impact study could be useful for your organisation?
Enquire using the form to discuss an idea or hear more.