Cov & Warks LEP Impacts

Cov & Warks LEP Impacts

The Coventry and Warwickshire Local Enterprise Partnership (LEP) was preparing a new Strategic Economic Plan to secure a share of the £2bn Local Growth Fund. The LEP appointed Regeneris to understand the likely net economic impacts of the proposed programme of investments, and the associated value for money.

We developed a user-friendly economic impact assessment and appraisal tool, which allowed the LEP to estimate the potential jobs and Gross Value Added impacts of their programme, along with the return on investment (measured in terms of Net Present Value and Benefit-Cost Ratio). The tool is able to estimate impacts from a wide range of interventions, including research and innovation, support for SMEs, sites and premises, skills and employability.

Our work helped the LEP make choices between competing investment proposals. Coventry and Warwickshire LEP has used the results of our modelling to make the case to government and will be using the tool to estimate the impact and value for money of future interventions.

Assessing the impact of a range of investment programmes

Client

Coventry and Warwickshire LEP