Economic impact case study
Capital Economics was commissioned by Siemens to estimate and report upon the contribution of the company to the UK economy.
Siemens is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe.
Capital Economics was commissioned by Siemens to estimate and report upon the contribution of the company to the UK economy. They needed credible estimates of their impact to use with policy makers and the media.
We used a combination of official statistics and internal client data to generate estimates of the jobs, economic output and tax revenues supported by their operations. The project involved close collaboration with the client to help them provide the data required as inputs for the analysis. Using the data collected, we modelled the impact of the company’s activities based on the Office for National Statistics’ input-output tables, which set out the linkages between sectors of the economy. In addition to the aggregate numbers, we presented several case studies that demonstrated the productivity benefits of their products and activities.
The client received a set of robust and defendable key statistics about the company’s contribution to the economy. These included quantitative estimates of the jobs, economic output and tax revenues supported broken down by local authority area and sector. The findings were written up in a clear and concise report with tables and graphics, as well as key factsheets which summarised the most important statistics in one page.
The client was provided with independent quantitative material that could be used by them in discussions with policy makers. The statistics were also used in material for public relations work in national and local media.
Meet the team
Over ten years Andy has helped a wide range of clients to make evidence-based cases to influence policy and demonstrate value, as well as using robust economic analysis to deliver due diligence and strategic planning-related projects for investors and businesses.
Alexandra joined Capital Economics in 2014, bringing together a wealth of experience from both the public and private sectors. She is a skilled quantitative analyst and model builder, with a keen focus on macroeconomic and sectoral assignments.
Head of Partnerships
Matthew Caddy is our Head of Partnerships. He has responsibility the business development of our bespoke consultancy arm as well as our new Partnership program.