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9.3 Wider Economic Benefits

Publication Date: 
27 May 2008
 

The second sub-criterion found under the Economy Criterion, concerns Wider Economic Benefits (WEBs) derived from the impact of transport upon agglomeration, and the underlying relationship of impacts of agglomeration upon productivity.

A set of suggested methodologies for appraisal of Wider Economic Benefits was published by the UK Department for Transport in summer 2005 covering a range of welfare and GDP benefits. Four possible further types of additional transport impacts were identified:

  • WB1 Agglomeration economies
  • WB2 Increased competition as a result of better transport
  • WB3 Increased output in imperfectly competitive markets
  • WB4 Wider benefits arising from improved labour supply
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