Social and Economic Impact Report

Download the Annual Social & Economic Impact Report.

The Earls Court Development Company’s first annual Social and Economic Impact Report has revealed that investment from ECDC has amounted to £7.8m worth of social value created to communities in the Royal Boroughs of Kensington & Chelsea and Hammersmith & Fulham.

In the last year, activities associated with the project have led to £2.9 million additional spend locally and created 59 full time jobs. The report reveals that in particular ECDC’s activity has improved the health and wellbeing of local communities, with 44% (close to £3.3 million) of the total social value boost focusing on supporting people with disabilities, improving nutrition and physical activity as well as mental health.

The report was produced by Real Worth, a consultancy that helps organisations identify, optimise, measure and communicate the social value of buildings, places and programmes, and SQW, a leading independent provider of research, analysis and advice in economic and social development.

You can watch a video below showcasing just some of the fantastic projects ECDC’s community programme supports.

Social Value report launch | 20th April 2023

The report was launched with an event at ECDC’s Community Hub, featuring keynote speakers Isabelle Parasram OBE, Chief Executive of Social Value UK, Cllr Ben Coleman, Deputy Leader of Hammersmith & Fulham Council, and Michael Blake, Head of Social Investment at Kensington & Chelsea.

Speaking at the report’s launch event in April 2023, ECDC’s Director of Public Affairs and Community Relations, Rebekah Paczek, said: “At ECDC we strongly believe our stewardship of the site comes with a responsibility to support local communities. We are proud to be a local Earl’s Court-based business and are committed to working with the local boroughs and community groups to make sure this development is a force for good in Earls Court, and across London.

The report highlights the importance of organisations like ours in creating a positive impact in local communities from the outset. We want to create a place which reinstates ‘wonder’ in this incredible part of London, today’s report shows the progress we are making on that ambition.”

About ECDC’s community programme

Since acquiring the site in 2019, as a local company, ECDC has committed to making a positive contribution to the local area. The company has developed a community programme, which includes:

  • An annual £180,000 Community Fund (of which a third round has just been launched)
  • The opening of the Community Hub in 2022 providing a range of activities and classes for local people
  • A £20,000 Hardship Fund, administered through local charity Dad’s House, helping people pay their energy bills and providing vouchers for food shops and toiletries
  • A Jubilee Lunch for the local community held in June 2022 and open to local residents and community groups
  • A ‘Christmas Gifting Tree’, providing gift vouchers to local children who would otherwise not receive presents
  • Support for Christmas Day lunches in 2021 and 2022 across H&F and K&C
  • A Cost-of-Living support programme providing £20,000 worth of electric blankets and air fryers to residents in Hammersmith & Fulham along with a £15,000 cost of living winter support contribution to charities within RBKC
  • Support for local training and education initiatives including coding courses, film and photography and other creative skills
  • Creation of an onsite Future Skills Centre in conjunction with TfL