Innovations in Economic Impact Assessment

Nick Henry, Graham Russell, Patrycja Kaszynska

Research output: Book/ReportCommissioned report

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Abstract

Within UK public policy, economic impact assessment (EIA) has been a long-run mainstream staple for assessing the benefits to society of a policy intervention.
It has thus supported learning and policy design.
In 2021, DCMS published its Cultural and Heritage Capital Framework, which aims to allow the full value of arts, culture, and heritage to be recognised, including in EIA. Coventry UK City of Culture 2021 has sought to use an innovative approach to EIA to gain a more complete and better-grounded understanding of the benefits generated by this cultural mega-event. In this study, we outline this EIA approach and discuss how it may be considered in relation to the new DCMS Cultural and Heritage Capital Framework. Our aim is to support learning and the development of good practice in the use of non-reductive valuation frameworks within the cultural and heritage sphere.
Original languageEnglish
Number of pages17
Publication statusPublished - 1 Dec 2022

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