Local Benefit Analysis Toolbox – LBAT
The Local Benefit Analysis Toolbox offers a range of tools to help maximise the local economic benefits from large-scale, resource-based industries.
This toolbox guides the development of strategies for adapting the labour force to new challenges and supporting new business development and local entrepreneurship in the industrial supply chain and complementary sectors.
The LBAT proposes a four-step approach to developing a local benefit enhancement strategy, focusing on local innovation and business development:
Establishing base knowledge about the labour force, industry and local business framework
Qualitative analysis of current labour market challenges and opportunities
SWOT analysis – analysing the community’s strengths, weaknesses, opportunities and threats
Developing policy outputs for business and entrepreneurial development in the community
You can download the key publications in the side-bar here or find all documentation in the library.
Case: Ripple effects of industrial development
The REGINA LBAT guides communities through everything from gathering data about the local economy, business and employment to involving the business community in identifying new opportunities. In Alstahaug in Norway, the local benefit analysis has evolved around a recently established oil and gas supply base, which has already created ripple effects in the area. The model has also been used in Scotalnd and elsewhere, as our case story shows.