Economic And Social Value Of QPR And Potential Stadium Development .

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Economic and Social Value of QPR and Potential Stadium Development Proposals1.12.33.74.185.216.29

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Economic and Social Value of QPR and Potential Stadium Development Proposals2.1In this study West London refers to the area covered by the West London Alliance, and includes LB Hammersmith andFulham, LB Kensington and Chelsea, LB Brent, LB Ealing, LB Harrow, LB Hillingdon and LB Hounslow.3

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Economic and Social Value of QPR and Potential Stadium Development Proposals 2LB Hammersmith & Fulham (February 2018), ‘Local Plan’.6

Economic and Social Value of QPR and Potential Stadium Development Proposals3.Source: Queens Park Rangers, 2018.7

Economic and Social Value of QPR and Potential Stadium Development Proposals3Defined as: Barnet, Brent, Ealing, Hammersmith and Fulham, Harrow, Hillingdon and Hounslow.4Full-time equivalent (FTE) is a unit that indicates the workload of an employed person. A FTE of 1.0 is equivalent toone full-time employee (typically working over 35-hours per week), whilst a part-time employee working half the hours,is recorded as 0.5 FTE.8

Economic and Social Value of QPR and Potential Stadium Development Proposals5The process of converting supply chain spend to indirect jobs is done via benchmarks generated by the HatchRegeneris Input-Output model. The model uses the UK’s input-output tables (produced annually by the ONS), whichin turn are based on the Leontief matrix. The Input-Output model estimates the inter-industry relationships within aneconomy (nationally or regionally) by tracing how outputs from one sector (and its supply chain spend) act as inputsin another sector. By doing so one can estimate the economic output and employment effects generated within thenational and/ or regional economies.6Gross value added (GVA) is a measure of the overall contribution to the economy generated as a result of stadiumrelated activity.9

Economic and Social Value of QPR and Potential Stadium Development Proposals787These include: Hammersmith & Fulham, Kensington & Chelsea, Westminster, Brent, Ealing, Hillingdon and Hounslow.8from HACT, Social Value Bank – Measuring the Social Impact of Community Investment10

Economic and Social Value of QPR and Potential Stadium Development Proposals 9To avoid double counting, the social impact cost savings generated by cross-cutting activities are reported only onceand assigned to the most appropriate strand of activity.11

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Economic and Social Value of QPR and Potential Stadium Development ProposalsConclusion3.3210Induced employment is generated as a result of spending within the local economy as a result of the direct and indirecteffects resulting from all stadium-related activity17

Economic and Social Value of QPR and Potential Stadium Development Proposals4.Figure 4.1 Championship stadiumcapacities for 2018/19 season18,193Source: Queens Park Rangers, 2018.18

Economic and Social Value of QPR and Potential Stadium Development Proposals11Queens Park Rangers e-bulletin, Winter 2018.12This is based on the 2016-round (central) population projections from the Mayor of London. The figures above relateto the increase in population aged 65 and over which is expected to increase by 73% for LBHF and 85% acrossLondon.19

Economic and Social Value of QPR and Potential Stadium Development Proposals13see https://www.bbc.co.uk/sport/football/45174188.20

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Economic and Social Value of QPR and Potential Stadium Development Proposals14for around 10% of all ticket holders, or 3,000 fans.15This refers to the22

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Economic and Social Value of QPR and Potential Stadium Development Proposals16Wider Benefits16Substance (October 2013), ‘Brentford Community Stadium: Valuation of Community Benefits’.24

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Economic and Social Value of QPR and Potential Stadium Development ProposalsTemporary Construction Impacts26

Economic and Social Value of QPR and Potential Stadium Development Proposals171817Homes and Communities Agency (November 2015), ‘Employment Density Guide 3rd edition’.18The New Homes Bonus payment is a grant paid by central government to councils in England to reflect and incentivisehousing growth in their areas. There are additional contributions for the delivery of any affordable housing and forbringing long-term unoccupied homes back in use.27

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Economic and Social Value of QPR and Potential Stadium Development Proposals6.19see https://www.bbc.co.uk/sport/football/45174188.29

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Economic and Social Value of QPR and Potential Stadium Development Proposals320,500 visitorsup to 1 millionin31

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Economic and Social Value of QPR and Potential Stadium Development Proposals Appendix A - 1

Economic and Social Value of QPR and Potential Stadium Development Proposals Appendix A - 2

Economic and Social Value of QPR and Potential Stadium Development ProposalsImpact areasSource: Contains Ordnance Survey Data Crown copyright and database rights, 2018.Appendix A - 3

www.hatchregeneris.comLondon: 44(0)207 336 6188Manchester: 44(0)161 234 9910

Economic and Social Value of QPR and Potential Stadium Development Proposals 8 3 Defined as: Barnet, Brent, Ealing, Hammersmith and Fulham, Harrow, Hillingdon and Hounslow. 4 Full-time equivalent (FTE) is a unit that indicates the workload of an employed person. A FTE of 1.0 is equivalent to one full-time employee (typically working over 35-hours per week), whilst a part-time employee working .