Tools for Measuring Economic Impact

Plugging the Leaks

Plugging the Leaks was created to support people in communities to take a different approach to local economic development, one that can have a greater, more sustainable impact on their local economies than traditional regeneration initiatives.
Plugging the Leaks goes further than simply getting more money into the local economy through tourism, inward investment or funding, by regenerating the local economy from within, and taking advantage of the resources that a community already possesses.
Find out more at the plugging the leaks website http://www.pluggingtheleaks.org/index.htm

LM3 Online

LM3 Online is another version of the LM3 Multiplier tool that enables you to calculate your organisation’s economic contribution to its community
It offers Private, Public and Not for Profit versions. Any not-for-profit organisation can use LM3 Online to show not only how important the money it already spends is to the local economy but also how to improve the local economy while spending the same or less money.

LM3 Online enables any organisation to measure its economic contribution by analysing any expenditure on any geographic area using current data. LM3 Online brings these benefits to organisations of any size by minimising the work effort required.
Simply upload the spending data of the budget you wish to measure, such as a contract or company turnover, specify the target local area, and the system does all the surveying and calculations.


For more information visit:
https://www.lm3online.org/notforprofit/

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