William Eichler 24 October 2016

Public parks generate ‘large surplus’ of £1.2bn

Public parks generate ‘large surplus’ of £1.2bn image

Public parks and green spaces provide benefits worth over a billion pounds and are not the liability they appear in conventional public accounts, a new study reveals.

New research by Vivid Economics published today by the National Trust showed parks provide benefits worth £1.2bn, largely through the contribution they make to residents’ physical and mental wellbeing.

This goes against the conventional wisdom—derived from how they appear in public accounts—that they are a £16m liability.

The House of Commons Communities and Local Government Committee today will begin hearing evidence for their inquiry into the funding crisis facing public parks.

Heritage Lottery Fund research has shown many councils face cuts to their parks budgets of up to 20%, with some facing cuts of 50-100% by 2020.

Vivid Economic’s director Robin Smale urged MPs giving evidence to the committee to consider the wider public benefits that are derived from parks and green spaces rather than their immediate financial cost.

‘Parks generate a large surplus for society in contrast to the financial liability that they appear to be in local authority financial statements,’ he said.

‘It’s essential that decisions about our parks are based on comprehensive and balanced financial accounts, which incorporate the full value of public services.

‘Reliance on the very partial expenditure and revenue records available to local authorities will be against the public interest.’

SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker - Permanence

Camden London Borough Council
£36,630 - £42,490 per annum
To be successful in this role you will need great negotiation and influencing skills and ability to deal with conflict, hostility and vulnerability. Camden, London (Greater)
Recuriter: Camden London Borough Council

Head of Looked After Children, Permanence & Specialist Services

London Borough of Bexley
Up to £86,040 p.a
If this sounds exciting and reassuring, we want you to get in touch with us. Bexleyheath, London (Greater)
Recuriter: London Borough of Bexley

Ugobus Driver (multiple positions)

Essex County Council
Up to £18938.0 per annum
Primary locations will include Clacton and Harlow only. Please note that we have permanent, fixed term and relief contract opportunities on a part tim England, Essex, Chelmsford
Recuriter: Essex County Council

Trainee Craft Employee x6

Sandwell Metropolitan Borough Council
£18,795 - £19,945 per annum
Seeking to recruit several Trainee Carpenters within the Asset Management and Maintenance Service. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Social Worker - Family Support & Protection

Essex County Council
£26001.0 - £30000.0 per annum
Please note this role is based in Clacton and is open to Newly Qualified Social Workers (NQSWs). The starting salary for NQSWs is £27,775 per annum an England, Essex, Clacton-On-Sea
Recuriter: Essex County Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine