Impact measurement and advisory​
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Why
A green or circular economy project often needs to be defended, supported, sometimes more than others. The quantitative demonstration of socio-economic outcomes and of the impact on jobs or local income can largely contribute to this support, and overcome many reluctances. Such highlighting is an essential tool for promotion or communication. It secures the widest local support and often proves critical for execution.
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Our contribution
We measure, study and interpret socio-economic future socio-economic outcomes of green and circular initiatives. We quantify jobs, wages, sales revenue, value added, tax, both direct, indirect (i.e. through suppliers) and induced (spending induced by wages). We link and compare figures to relevant local data, e.g. contribution to industrial employment, added value or revenue, or comparison with infamous local companies jobs or of wage to regional average salary. We also assess structural, long-term regional development impacts (innovation, skills, ecosystems vitality) and advise on their enhancement. We also assess post-implementation impacts with the same approach.
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Methodology
We carefully map value chains and single-out all new operation resulting from the project. We collect quantitative data from operators and input them into our proprietary model. When appropriate we do the same with possible activity reduction as to know the exact net amount of socio-economic outcomes. We clearly lay out and interpret results, analyse possible effects of various scenarios.
In order to assess structural impact we lead qualitative interview with ecosystems players: SMEs, startups, large groups, public organisations and agencies, local authorities, universities, research centres, innovation networks, professional networks, accelerators, etc. They offer a highly valuable 360° outlook on local industries and always pertinent perspectives.
We are greatly equipped primary data* research and collection, despite possible challenges. Our vast experience of interviews (278 conducted, including 229 with businesses) and of cooperation with private sector executive is a great facilitator. Plentiful connections established in 6 years activity are another advantage.
For example
For the local implementation of a national urban renovation plan in Lille*, we have singled-out the 3 considered value chains (structural work, finishing work, furnishing). We then interrogated local operators on each of these stages and therefore draw quantitative primary data and results as close as possible from local realities. We compared those to local value, for instance through measuring contribution to local jobs creation, to industrial income, to selected local public spending. Objectifying socio-economic gains due to the project was instrumental in securing validation and support from local authorities and elected officials.
* Local declination of the New National Urban Renewal Plan: 45 locations in Greater Lille, 2600 dwellings, 450 000 t demolished.
