Research Innovation
The VALUE project will deliver and apply economic valuation tools to green infrastructure at the city region scale, capable of handling landscape level value impacts. It will build on earlier innovations addressing the site scale.
The project will be innovative by achieving the following three key objectives;
VALUE builds on a previous Interreg IIIB project, Creating a Setting for Investment (CSI), which showed that at the regional scale, high quality landscapes are key economic drivers. This contrasts markedly with the fine (site) scale at which private developers and land valuers operate.
VALUE aims to solve the problem of how should regional and local authorities target their resources to the locations where they will achieve the maximum added value and return?
Previous rigorous economic valuations have so far only demonstrated impacts on residential property around parks. Projects on commercial development have only shown 'correlations'. Providing open space in cities involves a trade-off with other uses, and can often be seen simplistically as ‘land-take'. Although it is often argued that high quality designs incorporating greenspaces lead to more valuable office or retail developments, this cannot yet be substantiated. VALUE therefore aims to establish whether city centre commercial properties near greenspaces are more valuable, further developing robust tests used in CSI for peri-urban brownfield redevelopments. This project would thus be the first of its kind to demonstrate cause and effect.
Final Report - Workpackage 1.2
Baseline Analysis of Existing Economic Valuation Tools for Application to Green Infrastructure Investments (PDF, 1.87MB)
Lead Partner
South Yorkshire Forest Partnership /
Sheffield City Council (UK)
C: Betty Anyika
T: +44 (0)114 257 1199
E: betty.anyika@syforest.co.uk
