Economic Impact Assessment

An Economic Impact Assessment (EIA) assesses the impact a business, or project, has on the local economy or wider UK GDP.

An Economic Impact Assessment measures the ripple effect of business activity. It looks beyond the business activity measured in a profit and loss account, as it calculates how a business or project affects economic activity in the surrounding area or even the whole country, through its customers, employees and supply chains.

The team at Oxford Brookes Business School have developed an EIA methodology.  The application of the methodology is customisable to  the nature of the business and the availability of data.   We will discuss your requirements, timescales and opportunities to collect relevant data to agree the scope of the EIA. EIAs are based on estimates and assumptions and so we will spend time understanding your business and the available data, before we personalise our analysis to meet your business needs. 

The methodology developed by the team at Oxford Brookes Business School considers: 

• Direct Impact: These are the most obvious effects arising from the business activity and the activity of its suppliers. 
• Indirect Impact: These are the knock-on effects. The economic stimulus created as a business and its partners buy goods and services from other businesses in its supply chain.
• Induced Impact: This is the economic stimulus created by the staff and those employed in the direct supply chain when they spend their salaries on goods and services.