Understanding the impact of interventions on beneficiaries and wider economic and social conditions plus the associated return to be generated on public investments is a core element of ekosgen’s work. Our commissions cover a range of intervention areas, including commercial property, infrastructure, tourism attractions, innovation facilities, business support schemes, and revenue initiatives such as training programmes.
Our projects are delivered for both facility owners/project applicants/developers (typically impact assessments for clients in both the public and private sectors) and funders (a combination of impact assessments and appraisals). Impact assessments can be associated with project development – to forecast the impacts that projects will deliver through their implementation and make the case for funding contributions or planning consent or determine whether a project represents a sound use of public resource; and project completion – to determine impacts realised to date and anticipated in future as a result of interventions.
Assessing the impact of project investments requires established methods to identify the impact mechanisms and quantify the likely outputs and outcomes. We regularly apply Green Book principles to our economic impact work and refer to both published guidance and benchmarks (e.g. the HCA additionality guide and employment densities guidance, Scottish Enterprise Guidance on Impact Assessment and Evaluation) and wider intelligence (e.g. evaluation evidence gathered for comparator schemes that can offer a benchmark for impact forecasting and assessment). Our social impact assessment work takes a similar approach, drawing on good practice and benchmarks established by organisations such as DCMS and the Big Lottery Fund. The team’s in-depth experience – gained through working on multiple project types and a diverse range of clients – means that we are able to tailor the approach to the needs of the specific project.