28 October, 2016 - 15:09 By Kate Sweeney

Brain child of the Phenomenon marks 30 years of global consultancy

cambridge econometrics, cambridge phenomenon

Global economics consultancy, Cambridge Econometrics, is marking 30 years of advising UK and international organisations on a broad range of  challenges.

A child of the Cambridge Phenomenon, the university spin-off opened its doors long before the science & technology cluster began to gather worldwide momentum.

It enters a new era from globally vibrant Cambridge with a new chairman and managing director and a brand overhaul designed to leverage the heritage of the business while staying fresh for future challenges.

Cambridge Econometrics was founded as a commercial spin-off from the University of Cambridge to take forward the pioneering work of Professor Sir Richard Stone, Nobel Laureate in Economics.

Its emphasis has always been on applied economic analysis, founded on empirical evidence. The company is a trading subsidiary of the educational charity established by its founder, Professor Terry Barker – the Cambridge Trust for New Thinking in Economics. The charity guarantees the independence of the company.

Over the last 30 years Cambridge Econometrics has helped organisations such as the European Commission, the British Government, local government, businesses and NGOs tackle some challenging questions, applying evidence-based analysis to provide actionable insight.

Its 30-strong team of economists work around the world on issues such as energy and the environment, jobs and skills, transport infrastructure and economic development.

Recent projects include informing investment priorities for the Northern Powerhouse; improving the appraisal of UK infrastructure investment; modelling the economic impacts of accelerating the deployment of renewables for the International Renewable Energy Agency; measuring the GDP impact of the Copernicus space programme for DG GROW and building expertise in econometrics in Saudi Arabia.

Richard Lewney has changed roles from managing director to chairman. He succeeds founder Terry Barker. Phil Summerton has been promoted from director to MD after 10 years at the company.

The new brand development has been led by Cambridge-based Paul Lewis of lewis andersen brand consultants supported by Fellowship Productions of Bury St Edmunds.

Richard Lewney said: “In an increasingly complex world, we see our role as providing rigorous analysis and insight to help decision makers tackle some of the most pressing issues we face in the 21st century.

“These include the impacts of climate change, the changing nature of jobs and the potential impacts of major infrastructure projects.”

Phil Summerton, added: “We have an impressive track record which we want to build on. We are ambitious to do work that makes a difference and that we can be proud of.

“Our new brand image and website have been designed to reinforce the key promise we make to our clients – we deliver clear insights on complex issues.”  

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