This was one of six projects funded out of 130 applications to the Nesta Bright Ideas Fund. The project aimed to look at three case studies of investments in cultural assets and to consider the impact on the local economy that these had. We used background desk research supported by face to face interviews with stakeholders in each of the case study towns. The research is unusual in that it considers cultural regeneration in small and medium sized towns - away from the usual city focus. We used a standard 'Impact Evaluation Framework' approach as the basis for the work, attempting to find pictorial and narrative evidence for the 'strategic added value' that is often referred to in economic evaluations. This written output accompanies the exhibition that was staged at the Glasgow School of Art.