commercial property lambert smith hampton

12/10/2022

Cherwell Economic Needs Assessment

Cherwell District Council prepare their Local Plan Review to identify land requirement for job growth up to 2040.

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The Challenge

  • We were instructed by Cherwell District Council to prepare an Economic Needs Assessment (ENA) which would form a key part of the evidence base to inform their Local Plan Review. The ENA identifies future job growth and employment land requirements for the district to 2040.
  • The team have considerable experience preparing ENAs and economic evidence base documents for local authorities nationwide. We also have market-leading commercial research and agency teams providing excellent market intelligence. 

Our Solution

  • Following extensive stakeholder consultation, we developed bespoke modelling solutions for Cherwell including modelling the needs arising for R&D space linked with Oxford University and spin out companies. 
  • We modelled the changing requirements for office floorspace responding to stakeholder feedback and evolving occupier requirements following the pandemic. 
  • Our approach combines our rigorous stakeholder engagement and local commercial knowledge with our forecasting and modelling techniques to create a bespoke modelling approach reflecting local circumstances. 

The Results

  • The ENA provided the Council with a detailed assessment of future employment floorspace requirements – by typology and location – taking account of existing and emerging business needs.

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