Dorset LEP needs to demonstrate to the Department for Business, Innovation & Skills (BIS) that the Bournemouth International Growth (BIG) programme is the best use of public funds. The programme provides transport improvements, skills infrastructure and business support to help deliver sites and create 10,000 new jobs in Dorset. HJA is undertaking an economic appraisal of the Programme to demonstrate its impact.
We have carried out extensive data collection on the projects within the BIG Programme, and a series of consultations with key stakeholders. We have modelled the impact of the investments, following best practice guidance to calculate both the gross direct impact and net additional local impact of the projects. This initial work has enabled us to deliver a Green Book compliant economic appraisal. This tests the justification for the BIG Programme and the objectives that it seeks to meet, delivers an appraisal of all the options considered, undertakes an assessment of the risks associated with the programme, and identifies the preferred option.
Our work will ensure that Dorset LEP understands the economic impact of the investments made as part of Growth Deals 1, 2 and 3, and will be useful to local partners in considering their investments into the programme.