FCERM toolkit: the local economic benefits of Flood and Coastal Erosion Risk Management projects
A toolkit focusing on methods to explore the local economic benefits of FCERM and land drainage in terms of wider impacts on local income or gross value added (GVA).
Documents
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Details
Objectives
This project is a step towards making the existing economic appraisal system for Flood and Coastal Erosion Risk Management (FCERM) projects more useful for local partners. These local partners include:
- local authorities
- Internal Drainage Boards (IDBs)
- Local Enterprise Partnerships (LEPs)
- business groups
- others who benefit from flood and coastal management and land drainage
The rise of partnership working and funding in FCERM and land drainage means that the emphasis of appraisal is shifting towards a more holistic assessment of impacts on a range of partners. These include those assessing the local case for contributing their own funding to supplement Grant in Aid.
Outcome
This toolkit focuses on methods to explore the local economic benefits of FCERM and land drainage. This looks beyond the usual estimation of ‘avoided damages’ to consider wider impacts on local income or gross value added (GVA).
This toolkit is entirely voluntary and is not meant to displace any existing appraisal methods used by partners to explore the local benefits of FCERM. The methods in this toolkit are not suitable for estimating national-level GVA or economic growth impacts. It should be used for local assessment only.
This project ran from 2013 to 2014 at a cost of £133,270.