Cambridge Econometrics

What Cambridge Econometrics does

Cambridge Econometrics Ltd is a privately held UK economic consultancy founded in 1985 as a spin-off from the University of Cambridge, commercialising the econometric work of Nobel Laureate Professor Sir Richard Stone. The firm is a trading subsidiary of the Cambridge Trust for New Thinking in Economics, a registered charity, and operates from headquarters in Cambridge (UK) with offices in Northampton MA (USA), Brussels (Belgium) and Budapest (Hungary). Its mission is to deliver independent, evidence-based economic analysis to policymakers, businesses and investors on economic, social and environmental issues.

The firm builds and maintains a suite of proprietary macroeconometric models. E3ME is its flagship global macroeconomic model maintained for over 25 years, integrated with Future Technology Transformation (FTT) sub-models for technology adoption; E3-US provides state-level coverage for all 50 US states with over 70 industry sectors; REACT delivers input-output regional economic impact analysis with multiplier effects; FRAMES provides a flexible framework for countries with more limited data (Bangladesh, Jordan, Vietnam); ECI benchmarks regional economic competitiveness through a dashboard built with mySidewalk; and STAS produces short-term skills-demand forecasts. Country-specific E3 models have been developed for India, Brazil and Thailand. Quality assurance is compliant with TCFD and NGFS guidance, and the E3ME model is recognised by the NGFS for climate scenario analysis by central banks.

Cambridge Econometrics operates as a professional-services consultancy with project-based engagements delivered via direct sales, tenders and RFPs, supplemented by subscription-style model licences such as TPS Climate (with Trex) and E3 derivatives. It serves national, regional and local governments, international organisations (UNDP, Cedefop, GIZ, IRENA), NGOs and think tanks (European Climate Foundation, The Nature Conservancy, GridLab, Veterans Aid), financial institutions (Ceres), and regional development agencies (City of Boston, MassDevelopment, Appalachian Regional Commission, Western Mass EDC). Recent strategic moves include partnerships with Trex, BloomberNEF and IRENA and the Gridunlocked flagship study with Arup.

Name

Cambridge Econometrics

Legal name

Cambridge Econometrics Ltd

Website

https://camecon.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Cambridge Econometrics is an independent economics consultancy, founded in 1985 as a University of Cambridge spin-off, that builds proprietary macroeconometric models (E3ME, E3-US, REACT, FRAMES, ECI) to deliver policy analysis, impact assessment, and climate scenario modelling to governments, international organisations, NGOs, and financial institutions.

Ownership category

akta.pro rank

Product category

Economic Consulting Services

NAICS

Other Scientific and Technical Consulting Services (54169)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Economic & Macroeconomic Research (BPAHALAD)

akta.pro secondary industries

Industry & Sector Research (Syndicated/Custom) (BPAHALAE), Economic Damages & Lost Profits Analysis (BPAHANAI), Economic Research, Statistics & Policy Advisory (BPADAMAJ), Alternative Data Providers (Web, Satellite, Geolocation, ESG Signals) (FSAFAIAH)

Keywords

• Economic modelling services
• Policy impact assessment
• Climate scenario analysis
• Macroeconomic forecasting
• Regional economic development

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Economic Consultancy Services: Cambridge Econometrics generates revenue through project-based consulting engagements providing economic modelling, policy analysis, impact assessment, and strategic planning services to government agencies, international organisations, NGOs, and private sector clients worldwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Cambridge Econometrics is an independent economics consultancy that delivers project-based economic modelling, policy evaluation, impact assessment, and scenario analysis services to government agencies, international organisations, NGOs, and private sector clients. The firm sells bespoke and recurring engagements underpinned by proprietary macroeconomic models (E3ME, E3-US, REACT, FRAMES, ECI) covering global, regional, and country-level analysis of economic, energy, environmental, and social policy impacts.

Product overview

Cambridge Econometrics offers a suite of economic modelling products and services centered around their core E3ME global macroeconomic model and its regional/national variants. The product portfolio includes E3ME (global), E3-US (US state-level), REACT (regional economic impact analysis), ECI (regional competitiveness benchmarking), and FRAMES (sustainability modelling for countries with limited data). Supporting offerings include the STAS skills forecasting tool and bespoke modelling services for country-specific implementations. These products work together through shared methodologies and data frameworks to provide comprehensive economic, energy, and environmental analysis.

Differentiator

Problem solved

Functional benefit

Brands

• E3ME: Global macroeconomic model for comprehensive assessment of policy scenarios, producing indicators for different sectors, world regions, emissions and technologies. Developed and maintained for over 25 years.
• E3-US
• REACT
• FRAMES
• Economic Competitiveness Index (ECI)

Products and services

• E3ME Flagship global macroeconomic model for comprehensive assessment of policy scenario impacts, producing indicators for different sectors, world regions, emissions, and technologies. Integrates economy, energy and environment with Future Technology Transformation (FTT) models to simulate adoption of green transition technologies. Used by government agencies, international organisations, and financial institutions for climate and economic scenario analysis.
• E3-US State-level Energy Environment Economy model covering all 50 US states. Allows policy leaders to assess impact of investment and policies at state or national level, including spill-over impacts across states. Features over 70 industry sectors and integrated treatment of the energy system with bottom-up power sector representation. Used by US state governments, regional agencies, and policy planners.
• REACT (Regional Economic Analysis and Change Tool) Economic impact analysis model applying input-output structure to deliver comprehensive and tailored quantitative assessment of how local and regional economies will react to changes in policy, investment, or industry activity. Generates results on direct, indirect, induced and total economic impacts with multiplier effects and state-level tax revenue impacts. Used by regional development organisations, municipalities, and non-profits.
• ECI (Economic Competitiveness Index) Data-driven framework for comparing regional economic performance across metropolitan areas, multi-county regions, or individual counties. Uses publicly available data with transparent methodology to benchmark performance across six core themes: Economic Conditions, Jobs/Wages/Workforce, Innovation, Population/Demographics, Cost of Living, and Quality of Life. Delivered through an online dashboard developed in partnership with mySidewalk.
• FRAMES (Framework for Modelling Economies and Sustainability) Flexible modelling tool designed for policymakers where data may be more limited at country and sector level. Based on E3ME model principles, suited for assessing macroeconomic impacts of economic, energy, and environmental policies at national and sectoral level. Has been adapted for individual countries including Bangladesh, Jordan, and Vietnam. Used by international development agencies and country-level policymakers.
• STAS (Short-Term Anticipation of Skills Trends) Tool for short-term anticipation of skills trends and Vocational Education and Training (VET) demand, generating forecasts up to two years ahead. Combines multiple time-series econometric methods into a composite forecast of occupation-level demand by EU Member State. Developed for Cedefop with user-friendly interface for data updates, re-estimation, and forecasting.
• Bespoke Modelling Services Custom modelling and analysis services for clients needing purpose-built tools. Includes co-design and co-development of tools, knowledge transfer, and training programmes. Produces country-specific E3 models including E3-India (28 states and four union territories), E3-Brazil (for the Brazilian Ministry of Finance), and E3-Thailand (with the World Bank's Partnership for Market Readiness).

Quantifiable outcome

• E3ME model recognised by NGFS as innovative modelling tool for climate scenario analysis by central banks and supervisors
• +5 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

16 partnerships are on record, tiered core and minor.

• BloombergNEFcoreStrategic or Co-development Partner · 25 June 2026Combined E3ME-FTT model from Transition Risk Exeter (Trex) and Cambridge Econometrics with BloombergNEF's New Energy Outlook scenarios to model sector-level impacts of global energy transition under different transition pathways.
• IRENA (International Renewable Energy Agency)coreStrategic or Co-development Partner · 17 June 2026Building on more than a decade of collaboration, established a new two-year agreement to continue work on assessing socioeconomic impact of energy transition pathways. Partnership involves developing cutting-edge tools and methodologies and providing policy-relevant analyses.
• Trex (University of Exeter spin-out)coreStrategic or Co-development Partner · 1 April 2026Exclusive partnership creating TPS Climate, powered by Cambridge Econometrics' E3ME model, offering new ways to capture complex and non-linear climate impacts. Trex brings climate risk analysis capabilities; Cambridge Econometrics provides macroeconomic modelling.
• ArupcoreStrategic or Co-development Partner · 10 February 2026Engineering and consultancy firm Arup collaborated with Cambridge Econometrics on the 'Gridunlocked' study projecting £34bn in electricity grid investment over 15 years could unlock £194bn for the UK economy. Cambridge Econometrics conducted economic modelling for this flagship report.
• Cedefop (European Centre for the Development of Vocational Training)coreStrategic or Co-development PartnerLed consortium for Cedefop to produce Skills Forecast 2023, providing economy and employment prospects up to 2035 by country, occupation and sector across Europe. Consortium included Economix, Maastricht University, Warwick University, and Vienna Institute.
• Economix Research Centre for Education and the Labour Market (Maastricht University)minorStrategic or Co-development PartnerPart of consortium led by Cambridge Econometrics for Cedefop Skills Forecast 2023
• Institute for Employment Research at the University of WarwickminorStrategic or Co-development PartnerPart of consortium led by Cambridge Econometrics for Cedefop Skills Forecast 2023
• The Vienna Institute for International Economic StudiesminorStrategic or Co-development PartnerPart of consortium led by Cambridge Econometrics for Cedefop Skills Forecast 2023
• AECOMminorStrategic or Co-development PartnerPartnership with AECOM for The Nature Conservancy project analyzing economic benefits of decarbonization in Florida. Cambridge Econometrics modelled effects while AECOM contributed technical expertise.
• Vietnam's Transport Development and Strategy InstituteminorStrategic or Co-development PartnerCollaborated with UNDP Vietnam and Vietnam's Transport Development and Strategy Institute and Institute of Labor and Social Sciences to develop FRAMES: Vietnam model for assessing employment impacts of green transport policies.
• Florida Climate InstituteminorStrategic or Co-development PartnerAnalysis built upon Florida Climate Institute's 2022 report on decarbonization pathways for the state of Florida.
• Brazilian Ministry of FinanceminorStrategic or Co-development PartnerCollaboration to develop E3-Brazil, a custom energy-environment-economy model for Brazil.
• Regulatory Assistance Project (RAP)minorStrategic or Co-development PartnerCollaboration on E3-India, a state-level model covering India's 28 states and four union territories, working with Indian academics.
• Thailand Greenhouse Gas Management OrganizationminorStrategic or Co-development PartnerPartnership with World Bank's Partnership for Market Readiness on E3-Thailand model.
• University of CambridgecoreStrategic or Co-development PartnerOriginal spin-off from University of Cambridge in 1985; maintains ongoing academic partnerships and relationships with institutions including Cambridge University.
• Pro Bono Economics / PBEminorStrategic or Co-development PartnerCorporate matching scheme connecting charities with Cambridge Econometrics for pro-bono economic analysis work (Veterans Aid partnership).

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• RAND Corporation: Non-profit research institution providing economic and policy research for governments, with comparable project-based consulting and macroeconomic/policy modelling capabilities serving public-sector clients.
• IHS Markit / S&P Global Market Intelligence: Large-scale provider of economic data, indices and country risk analysis, with overlapping macroeconomic forecasting and scenario products competing for similar institutional and corporate clients.
• McKinsey Global Institute: Economic research arm of McKinsey producing flagship reports on global economic trends, productivity, climate and labour markets, with overlapping macro-policy topics though broader consulting delivery.
• BloombergNEF: Energy transition research and data provider that partners with Cambridge Econometrics but also produces its own scenario analysis; overlaps in climate-economy modelling and serves shared financial institution clients.
• Wood Mackenzie: Energy and natural resources research firm with overlapping energy transition scenario work; competes with Cambridge Econometrics' energy-environment-economy models (E3ME, E3-US) for energy and utility sector clients.
• PwC Economics: Big Four economics advisory practice offering macroeconomic analysis, policy evaluation and impact assessment, frequently competing for the same public-sector and international organisation RFPs as Cambridge Econometrics.
• KPMG Economics: Big Four economics advisory practice delivering macroeconomic forecasting, policy evaluation and impact studies to governments and corporates; overlaps in skills forecasting and policy impact assessment engagements.

Direct peers

• NERA Economic Consulting: Specialist economic consultancy applying rigorous economic analysis and modelling to policy, regulatory and litigation questions, competing for similar government and institutional clients with overlapping econometric and policy evaluation capabilities.
• Oxford Economics: Closest direct competitor: an economic consultancy and forecasting firm providing global macroeconomic models, scenario analysis and policy advisory to governments and corporates, with a comparable mix of proprietary modelling (e.g. Global Economic Model) and project-based consulting.
• Charles River Associates: Global consulting firm offering economic and financial consulting including regulatory economics, policy evaluation and quantitative analysis, with overlapping client base in government, regulators and large corporates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cambridge-econometrics
• Facebookfacebook.com/166293446789412

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cambridge Econometrics