Making the invisible visible - the real value of park assets

Report
14/01/2008

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Inside you will find

  • A suggested framework for valuing parks as financial and community assets
  • Our methodology for valuing parks as a financial and community asset
  • Interviews and case studies 
  • Project advisory group

This will interest

  • Parks and green space managers
  • Finance professionals
  • Asset managers
  • Anyone who wants to know more about valuing the physical assets within parks

The Cabe team at the Design Council explain why traditional accounting methods are unhelpful when valuing public parks. 

 Anyone who has visited a garden centre knows how much trees, shrubs, paving and other landscape features cost. Stocking even a modest garden can set you back hundreds of pounds. So it may come as a shock to learn that most councils value public parks at just £1 each.

Even the largest, most spectacular park, with beautiful mature trees, well-established shrubs, paths, benches and a bandstand, is usually valued on a council’s list of assets at just £1. Why do they do this? What are the implications for maintenance and investment?

The real value of public parks explains why traditional accounting methods are unhelpful when valuing assets – such as parks – that can appreciate over time. It suggests a new way of valuing our parks which takes better account of the financial value they bring to society.

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