Five years ago the Bundanon Trust had grand plans for Arthur Boyd’s iconic Riversdale property in Shoalhaven, New South Wales. They saw the potential for new facilities to display its $43 million art collection and expand its children’s programs, but needed support from government and other investors.
So they turned to Nous Group to help make the case. What would be the social and economic impacts of the proposed expansion of the masterplan, they asked Nous. The Nous team crunched the numbers and concluded that the development would lead to $51 million in spending and 142 jobs during the construction phase, with an additional $10.4 million and 59 jobs once the site is complete.
Now Bundanon Trust’s dreams are becoming a reality. The trust recently announced they have secured an $8.5 million foundational grant toward realising the masterplan. The grant, the largest allocation from the NSW Government’s Regional Cultural Fund, will enable the building of the gallery and storage component of the project, designed to display and house the Trust’s art collection.
“Congratulations to Deborah Ely and the team at Bundanon Trust for securing the resources to expand the wonderful facility,” said Simon Guttmann, Nous principal and project director of the economic impact study. “It's great to see the economic impact analysis Nous Group completed a few years ago come to fruition. The work is just one example of Nous’ sophisticated analytical and economics expertise.”
The masterplan is forecast to more than double visitor numbers and secure Bundanon as a leading cultural and tourist attraction in regional Australia.
Find out more about Nous’ work in strategy.