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Cost benefit analysis of Renew Adelaide
Revitalising empty buildings
Renew Adelaide engaged Deloitte Access Economics to undertake a cost-benefit analysis of its program in the 2017-18 financial year – which involves quantifying the benefits of Renew Adelaide compared to the cost of its operations. This report also considers the other economic, cultural and social benefits of Renew Adelaide in qualitative terms.
Renew Adelaide’s operations led to a total net benefit of $1.9 million in 2017-18, resulting in a benefit-cost ratio of 3.9. The benefits of Renew Adelaide’s program are not entirely monetised. Many other economic, cultural, and social benefits are attributable to its activities, through supporting entrepreneurs and activating the city. The benefits are categorised as broadly:
- People and place
- Consumer and social benefits
- Innovation and productivity.
Find out more at Renew Adelaide.
Published: October 2019