Prioritising infrastructure investment
There have been widespread calls recently from both business groups and public bodies for the new UK government to prioritise investment in economic infrastructure.
With bold policy proposals that include 1.5 million new homes, zero-carbon power by 2030 and global climate leadership, the case for investing in assets and infrastructure seems obvious.
However, funding is tight, and construction expensive. Promoters and local authorities need to show why their proposals are justified. A strong development vision and clear policy case give strong logic and foundation, but there is also a need to know the benefits measure up relative to the costs, especially when competing with other funding demands.
Value for Money appraisal
Wide-ranging evidence and data exist which, if analysed and applied correctly, can give a robust and holistic view of a scheme’s benefits to society as a whole. Where these compare favourably to costs – ideally at least a 2 : 1 Benefit Cost Ratio or “BCR” – they give a powerful justification for public investment in new development.
Development projects that I’ve worked on recently will deliver a variety of different benefit types – examples of which are shown in the schematic below.
I work with colleagues across disciples to support a range of different project types – and I have the tools and methods to analyse and quantify the above benefits (and others) in a way that helps projects to secure funding and policy support.
Want to learn more? Please feel free to get in touch.