This article was originally published on Horticulture Week.
“There is “a clear business case” for establishing parks trusts, according to National Trust director general Dame Helen Ghosh, who has revealed a natural capital analysis of parks which could persuade “the most hard-hearted Treasury civil servant”.
Speaking at the Future Parks conference in London last week organised by the National Trust (NT), social sector financial advisers Social Finance and law firm Winckworth Sherwood, Ghosh revealed results of NT-commissioned natural capital analysis of Sheffield’s parks by Vivid Economics, which formed part of the 18-month Rethinking Parks project.
The project found parks provide benefits worth nearly £1.2bn, rather than the liability of £16m a year according to conventional public accounting. For every pound spent on public parks, society receives £34 of services, the study found, while around 60 per cent of the benefits of public parks in a large city arise from their contribution to physical and mental wellbeing…”
Read on at: Horticulture Week.