| LM3 was developed by nef (the new economics foundation). Since its original development period in 2000-2002, LM3 is now a Government-recognised tool for measuring economic impact, particularly for public procurement. It has and continues to be used by the private and non-profit sectors and is free for social economy organisations.
LM3 Online is the product of a partnership between Justin Sacks, Adam Wilkinson, and Richard Wilde. |
LM3 Online enables you to effortlessly measure your organisation’s economic contribution to its community so you can take action to improve this impact. This method can and has been used by public, private, and voluntary sector organisations for performance management, project management, funding applications, and community relations.
For more information on LM3 Online, go to:
www.lm3online.org
For more information on the original LM3 tool, go to:
www.neweconomics.org/gen/tools_lm3.aspx |
Demonstrate 'Value for Money'.
Impact on local economy for regeneration purposes.
Support external funding applications.
Calculate Gershon efficiency potentials.
Inform financial and economic strategy.
'What if' tool for planning.
Act as catalyst for change in the public sector. |