Evaluation of the regional investment organisation LRM

The limited liability company Limburgse Reconversie Maatschappij (LRM) was established on 1 February 1994 with the aim of investing in the transformation of the Limburg economy after the closure of the mines. To follow up on this assignment, management and / or cooperation agreements were concluded between LRM and the Flemish government from the start up, which are periodically evaluated.

To finalize the 2014-2019 management agreement and in preparation for a new management agreement, IDEA Consult conducted an evaluation of the functioning and performance of LRM in the period 2014-2019 (ex post), as well as of the future plans of LRM, taking into account both the evolving policy context and evolutions in the financial markets (ex ante).

The assignment included a substantive (projects and products), an organizational (general operation and operational management in all its aspects) and a financial evaluation, based on document analysis, portfolio analysis and interviews with various stakeholders. Based on the evaluation and taking into account the challenges that LRM will face in the future, the evaluation team of IDEA Consult formulated recommendations for both LRM and the Flemish government to strengthen the future operation and to draw up a new cooperation agreement.