Highgate Hotels, Economic Impact Assessment
Carney Green was commission to undertake an Economic Impact Assessment (EcIA) for Highgate Hotels. The EcIA was for a proposed 200 bed 4 star hotel which also included creative office space. We defined the economic impact of the Proposed Development on Hackney and at a wider London level, taking into account both the construction and operational phases.
Our assessment quantified gross and net economic effects of employment, turnover and GVA. Where appropriate, we used acknowledged economic benchmarks to understand the ratio between turnover and economic value, and the associated likely level of benefit retention at the Hackney and London levels. Our assessment also identified the likely strategic benefits of the development, including local employment, increase in visitor accommodation, and visitor spend.What we do: Impact Assessment