Helping Chatsworth measure its economic impact video transcript

We want to double the economic impact  that Chatsworth and the wider Devonshire Group has in the local economy over a 10 year period.

And the challenge we had is we had no idea how to measure that to start with.

So we had talked  to the University about whether they could do a consulting project actually and help us  measure a sort of baseline economic impact.

The KTP has helped Chatsworth achieve  its 10-year strategic plan.

It's a long project at a very strategic level and they  were quite happy to go along with that and they saw the benefits from doing a KTP.

There is a great value in bringing in new skill, transferring new technology into the  organisation, but also having those fresh eyes: both from the academic supervisor, but also  from the graduate associate themselves.

So all the aspects of the methodology that I proposed by setting up these processes that used existing organisational data or created new data in this way then the employees can use these processes in the future and effectively take on the economic impact assessment as their own and continue the work that I created.

The thing I really liked about the KTP was that we wanted the knowledge to be embedded within our  team.

It's opened the doors to more collaboration because they can see now what the University can do.

We've demonstrated that we can work on real world problems and bring very specialist expertise  to those issues that they may not have really used before.

One was to get that data to show what the  economic impact of Chatsworth activities were, but also to develop a methodology that  they could use inhouse to be able to collect that data themselves on a regular basis.

That was the legacy; it's the learning that A, we've done it once and B, we can do it again.

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