Why invest in cycle routes for leisure and tourism?: Why invest in cycle routes for leisure and tourism?
Four key dimensions: Market wants Sustainable development Stimulate local economies Community development Definitions: Definitions Conceptualising Economic Impact: Definition Assessing the deployment of resources between options to meet decision-makers’ objectives Financial assessment – concerned typically with private sector; contribution of project options to financial wealth of organisation; market value. Economic assessment – concerned typically with public sector; contribution of project options to a wider set of stakeholders and society; not necessarily market values thus overlaps with Social and Environmental assessment Government guidelines: Government guidelines Guidelines: Government ‘The Green Book: Appraisal and Evaluation in Central Government’ H.M. Treasury, 2003 (London:TSO) Advocates ROAMEF Cycle The triple ‘S’ model: The triple ‘S’ model Triple S Model: Evaluation/Appraisal Spending: Direct visitor user spending Spillovers: Indirect and induced effects Sustainability:
