Economic Intelligence

Local Economic Performance System (LEPS)

PACEC has developed a Local Economic Performance System (LEPS) to support strategy development, which provides clients with a powerful capability to analyse their local economies and identify strengths and weaknesses. The analysis compares the relative performance of different areas. It uses over a hundred economic and social indicators. Outputs include data, tables, charts and presentation with Geographical Information System (GIS). LEPS adds value to the ONS and other data sources, and utilises data going back to 1971 to provide long term trends.

LEPS also provides a unique capability in economic forecasting for employment, population and labour supply, and the preparation of scenarios.

Economic Forecasting

All organisations must deal effectively with change and plan for the future. Knowledge of the speed, direction and level of change in regional and local economies is vital. To meet the challenge PACEC's modelling capability and bottom-up approach provides accurate and reliable customised forecasts. Amongst the economic issues on which we base our forecasts include:

• Identifying key trends
• Anticipating change in the business environment: technology, markets, regulations, etc
• Assessing impact of events or initiatives
• Scenario options and development
• National and local structural change
• Regional and local economic performance
• The activities and intentions of firms
• Commercial property markets
• Consumer purchasing intentions