Download the Annual Social & Economic Impact Report.
The Earls Court Development Company’s second annual Social and Economic Impact Report from November 2022 to October 2023 has revealed that investment from ECDC has amounted to £7.9m worth of social value created to communities in the Royal Boroughs of Kensington & Chelsea and Hammersmith & Fulham.
Activities associated with the project have led to £25.7 m additional spend locally and created 599 full time jobs. The report reveals that in particular ECDC’s activity has amounted to £2.6m worth of health value in the local communities, including support for disabilities, support for drug abuse and increased mental and physical health. As well as £1.1 worth of improved educations and skills, including digital skills for young people, educational attainment and school readiness.
The report was produced by RealWorth, 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.
Social Value report launch | 20 May 2024
The report was launched with an event at ECDC’s Community Hub, featuring keynote speakers Cllr Ben Coleman, Deputy Leader of Hammersmith & Fulham Council, Victoria Steward Dodd, Director of K+C Foundation, and Rebekah Paczek, Director of Public Affairs, Social Impact and Community Relations at ECDC.
Speaking at the report’s launch event in May 2024, Cllr Ben Coleman, said: “We grapple with developers every day of the week and it’s very rare to find a developer which really seems to get our community and get social value in the way that The Earls Court Development Company does. As you’ll see from this brilliant report, the social value contribution that Earls Court made to the community has doubled in the past year alone, it’s a real testament, and I say if only more developers saw communities in the same way, this borough, and the world, would be a happier place.”
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