Economic Impact Assessment

We assess the economic impact of projects and development proposals to help show the impact they will have on local communities and economies.

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How We Can Help

Through an Economic Impact Assessment (EIA) we assess the economic impact of projects and development proposals to help show the impact they will have on local communities and economies. This helps to secure support for projects, and also helps to understand how to mitigate negative impacts and maximise positive ones.

The Importance of Understanding Economic Impact

We recognise the importance of understanding economic impact, and through our work we can help to identify the significance that certain types of investments and developments can have in supporting economic growth. An EIA that clearly communicates the economic and social benefits of a project or development can enhance communication with planning authorities, the public, and other stakeholders. Just as important is how an EIA can describe potential negative impacts – and set out how these can be mitigated – to assure stakeholder that development is taking place in a responsible manner that aligns with policy and strategy.

Our Approach

We calculate economic impact by looking at a range of factors, including: jobs; wages; GVA; employment opportunities for local people; disposable household income; and public sector revenues e.g. business rates.

In addition to these impacts, a development’s impact will typically be much wider by generating further activity throughout the economy. This is characterised by supply chain activity that takes place as a result of the development, and spending by those who earn wages from the direct and indirect supply chain linkages that result from the development. We ensure these indirect and induced effects are captured in order to properly characterise a development’s beneficial impacts.

Throughout our approach we draw on best practice guidance, and work with clients to assess the best available information, ensuring an appropriate level of detail to meet our client’s specific needs.

Service Lead

Stuart Hardisty

Director

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Projects

  • Brentwood Gateway Park Economic Case

    HJA was instructed to make the economic case for the proposed development of an employment-led mixed-use development in Brentwood, Essex, centred on a prestige car dealership and service/repair workshop.

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  • Cwm Pentref (Monmouthshire) Economic Impact Assessment

    HJA was commissioned by Llanarth Estate to undertake an economic impact assessment for a proposed new community – Cwm Pentref – in central Monmouthshire.

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  • Brentwood Gateway Park Economic Case

    HJA was instructed to make the economic case for the proposed development of an employment-led mixed-use development in Brentwood, Essex, centred on a prestige car dealership and service/repair workshop.

    Read More
  • Cwm Pentref (Monmouthshire) Economic Impact Assessment

    HJA was commissioned by Llanarth Estate to undertake an economic impact assessment for a proposed new community – Cwm Pentref – in central Monmouthshire.

    Read More