Local Economic Impact
Sustainable local economies are central to the future of all people. However often both policy and resource allocation are more a matter of whim than based on actual measurement of effectiveness.
The great advantage of using LM3 is that the methodology produces auditable results based on empirical or actual data. So whether the need for sustainable measurement is led by political initiatives such as Social value, and localism, or by private sector desire to illustrate benefit LM3 can produce an evidence base for the local economic impact of your organisations activity.
You can find out more about how the tool was developed to demonstrate social value, localism, and economic impact at the New Economics Foundation.
For more information about how the tool has been used on a large scale within a public procurement environment you can find more information on our founders site.