19th December 2018
Along with employing local managing partners and suppliers our sites add a value to local communities, encouraging positive investment.
We are committed to developing our understanding of the economic and other benefits to households, business and wider society of us holding and managing land for charitable purposes and the value that it creates.
Alliance Manchester Business School Research – Port Sunlight River Park
We commissioned research with the Alliance Manchester Business School to evidence the positive impact that well managed green spaces can have on house prices and the local economy.
The research focused on our site at Port Sunlight River Park. This park is a former landfill in Wirral, Northwest England and located by some of the most deprived neighbourhoods in the country.
In 2014 the Land Trust working with the land owner Biffa Waste Services Ltd and other partners transformed the site into a 30 hectare park and wetland, after securing £3.4 million of public and private investment for its creation and long term maintenance.
The research highlighted that good quality green spaces, when well managed, can:
The green space around Port Sunlight River Park has had a direct positive impact on local property values.
Alison McGovern MP said:
“I’ve been involved with Port Sunlight River Park from the outset, so have seen how the Land Trust’s model for managing parks long term can really benefit communities.
“But this research goes further and can show that long term management of green spaces improve property values and local business revenues, which is crucial evidence that should increase investment in local spaces.”
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