{"id":39050,"date":"2018-03-02T11:58:46","date_gmt":"2018-03-02T11:58:46","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=39050"},"modified":"2018-03-02T11:58:46","modified_gmt":"2018-03-02T11:58:46","slug":"report-suggests-green-space-boosts-local-economy","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/report-suggests-green-space-boosts-local-economy\/39050\/","title":{"rendered":"Report suggests green space boosts local economy"},"content":{"rendered":"<h2>A report published on 1 March by the <a href=\"https:\/\/thelandtrust.org.uk\/\">Land Trust<\/a> shows how parkland lifts nearby house prices, creates jobs and generates revenue for local businesses<\/h2>\n<p>The report, commissioned from Alliance Manchester Business School MBA Consultancy project, used evidence from the creation in 2013-14 of Port Sunlight River Park in Wirral, Merseyside, and made contrasts with comparable nearby areas.<\/p>\n<p>The study identified a range of benefits around the park\u2019s creation, including:<\/p>\n<ul>\n<li>Adding \u00a37.8m to houses within a 500-metre radius of the park \u2013 an average of \u00a38,674 per property.<\/li>\n<li>Generating \u00a348,000 annual revenue for the small businesses that operate in the park, such as dog walkers and ice cream vendors.<\/li>\n<li>Adding \u00a338,000 revenue to other local businesses, where people have spent money while visiting the park.<\/li>\n<\/ul>\n<p>Euan Hall, chief executive of the Land Trust, said: \u201cThis study provides concrete evidence of green space bringing economic value to local communities. But there are barriers to overcome if we\u2019re to reap the full benefits of this all around the country.\u201d<\/p>\n<p>The Land Trust\u2019s report concluded that:<\/p>\n<ul>\n<li>Developers need to start quantifying the impacts of green spaces on their housing development revenues \u2013 and factor-in from the outset the long-term costs of maintaining green space in order to maximise its value.<\/li>\n<li><a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/25m-planning-fund-opens-to-local-authorities\/36957\/\">Local authority<\/a> planners need to make sure local planning decisions take into account funding for long-term maintenance of green space associated with developments \u2013 and ensure that new developments contribute to existing green spaces.<\/li>\n<li>Government must motivate a culture change through <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/planning-delivery-fund-to-accelerate-new-homes\/38918\/\">planning policy<\/a> guidance \u2013 to guarantee the necessary investment for maintaining green spaces in and around developments.<\/li>\n<\/ul>\n<p>Hall concluded: \u201cWe need developers, local authority planners and central government planning guidance to come together and change how we think about green spaces \u2013 not just as places which support the government\u2019s objectives around health and wellbeing, but also as assets that boost local economies. The findings from our new study are very encouraging and suggest a way forward that will benefit everybody.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A report published on 1 March by the Land Trust shows how parkland lifts nearby house prices, creates jobs and generates revenue for local businesses <\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[656,679,747],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-39050","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-housing","8":"tag-local-plan","9":"tag-property"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Report suggests green space boosts local economy | Planning, Building &amp; 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