Demonstrating the opportunities and benefits of supporting development at Oban Airport Business Park
The development of Oban Airport Business Park (OABP) presents a unique opportunity for the area to establish a specialist cluster of high value businesses in aviation engineering, technology, operations, logistics, and training. Through tax incremental funding, the proposed investment will address the market failure that has inhibited economic growth. The Argyll and Bute Council commissioned our development economics team to produce an outline business case supporting the development of infrastructure to enable construction at the site.
We analyzed the strategic value of the intervention and developed a detailed options appraisal, bespoke economic impact assessment, and financial appraisal model. After assessing and evidencing commercial viability, we developed a procurement strategy to engage the market. We also outlined the project management plans, risk and governance arrangements, and framework for monitoring and evaluation. Throughout the process, our team coordinated the project’s development including engagement with staff from different Council departments and external stakeholders.
This business case helped the Council unlock £8 million of government funding for this project.
At a Glance
- Offices
- Client
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- Argyll and Bute Council
Bren Walters, Graduate Economist
Development economics isn’t just about growing economies. It’s about sowing the seeds of a brighter tomorrow for all.
Stephen Cox, Director of Economics and Regeneration
Delivering change in places of weak market demand is a key motivator for me personally and professionally.
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