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Cost Benefit Analysis

Cost Benefit Analysis

GeoPlace commissioned ConsultingWhere to carry out an in-depth study to investigate the return on investment in address and street data for local authorities. ConsultingWhere have examined the costs and the benefits of the address and street data local authorities create. The study outlines the benefits afforded to local authorities in an number of areas including; reduced data duplication and integration, improved tax revenues, channel shift and route optimisation in waste management. Using a rigorous financial model, according to Treasury guidelines, the study also projects potential future savings, and identified likely futures areas of opportunity and growth for the sector. The key findings from the report are: • Government Investment in the LLPG/LSG over the period 2010-5 has yielded a net benefit of approximately £86m in savings from reduced data duplication and integration, improved tax revenues, channel shift and route optimisation in waste management • Future net benefits from the same applications are likely to be in the region of £200m over the next 5 years based on the current rates of adoption, this represents a Return on Investment (cost-benefit ratio) after discounting of 4:1. • The return could be significantly higher if barriers to adoption, particularly access to funds, staff retention and improved national collaboration are addressed. This we estimate could be worth additional benefits of £20m over the next 5 years. • National collaboration initiatives with potential to emulate the DCLG waste partnership include shared gazetteer maintenance services, enhanced analysis for education, social services, public health and emergency services.