Local Multipliers
Tuesday, December 27, 2011 at 10:31PM Adam Wilkinson is doing some great work with local authorities in England, on the way developing a number of useful tools to help decision makers get a better feel of the power of the local multiplier. His latest news follows:
"This tool allows commissioning organisations to forecast quickly the likely economic impact of a project on the local community, or to compare differing impacts of various options. The tool is equally valuable for tenderers and service delivery organisations that need to demonstrate the business case for the delivery of best value. Different kinds of spending for example capital, revenue, or visitor can be used in combination.
The model is based on LM3 (local multiplier) methodology and uses data accumulated from analysing over GBP 11 billion of spending across public, private and not for profit sectors.
The basic model is free of charge. Bespoke versions are also available.
To try the tool visit impactpredictor.com, email adam@impactpredictor.com; for the full range of products go to impactmeasurement.net.
LM3, decision making 