New economic advisory company launches in Belfast

A new economic advisory company named Perspective Economics has launched in Belfast, helping local tech businesses conduct research and inform key economic decisions.

The tech scene in Northern Ireland is growing at a rapid pace, both from external companies moving to Northern Ireland and local start-ups seeing success on the global stage. Sectors such as cyber-security and medtech have taken off here in recent years, but not all local companies have the expertise to research their markets and the changing tech scene can make it difficult for local government to make informed decisions.

That's an area that newly created economic advisory firm Perspective Economics hopes to help in, helping private sector clients to undertake sectoral research and aiding public sector bodies to produce impact assessments and sectoral analyses. The company is based in the newly revamped River House building and boasts expertise cyber security, health and life sciences, and urban economics.

The company has already secured contracts with the UK "Department for Digital, Culture, Media and Sport" to produce an analysis of the UK's cyber-security sector, and is producing an impact assessment on investment in new medical technologies with University Hospitals Birmingham. The small company is currently recruiting for new economic and policy analysusts, and hopes to grow to 12 employees over the next three years. 

Associate Director, Sam Donaldson is positive about the outlook for the company: "Now more than ever, there is a need for our clients to understand what makes sectors, economies and societies tick – and to understand how they can best support sustainable and inclusive growth. We’ve invested heavily in data-driven methodologies to make sure that our team provide meaningful and relevant insight that visualises, engages and drives evidence-informed policy-making."

Source: Written based on press release