Presents the economic analysis undertaken in support of the Preferred Plan.
A review of economic viability is required to make a broad assessment of the economic robustness of the proposed policies. The economic review determines whether or not each policy is:
· clearly economically viable
· clearly not economically viable, or
· of marginal viability (and therefore may be in need of more detailed assessment at a later date).
It must be recognised however that the justification for a particular policy is not necessarily dependant on economic viability, as impacts on other benefits may be considered more important (e.g. holding existing defences to sustain a designated habitat).