A DIY workbook which explains how to use one of NEF’s key analytic tools: the Local Multiplier, or LM3, which measures and proves how effectively different parts of a local economy are working.

LM3 has been tried and tested across the UK, from agriculture to social enterprise to local government procurement, to determine how money coming into your community is then spent and re-spent. The Money Trail shows you how to use LM3 to find out what’s really happening in your local economy, and how you can make it better.