Impact studies assess the contribution of a particular sector, company or investment project. The contribution may be to the company or organisation undertaking an investment, to their clients, or, for example, to a regional or national economy. Economic impact studies typically quantify the total economic impact in four broad categories:
- Direct, measurable impacts - quantifying fiscal, employment or other tangible changes due to an intervention. We can also seek to capture and evaluate less tangible benefits.
- Indirect impacts - for example on a supply chain, or on competitors in a sector
- Induced impacts - including increased spending in a sector, company or by new and existing employees
- Catalytic or spillover impacts - looking at more far reaching effects in the economy
AP Benson has experience in undertaking this type of work on behalf of public sector clients, including regional government and a range of private sector clients, including private equity and venture capital investors considering investment in a sector.