Page 14 - Annual Report 2014/15

Economy

Our green spaces contribute to the economy in a variety of ways. Well managed green spaces improve
an area, can encourage local investment, and can have a demonstrable impact on property prices,
enhancing the desirability of an area as a place to live, work and play.
Green spaces also create and safeguard jobs. We work with local Some of our sites, such as Northumberlandia, attract visitor
organisations to manage our sites on our behalf and over the last spending from outside the region (domestic and international
year, these partnerships have funded over thirty roles across the tourists), and make tangible contributions to the local economy,
country as well as further employment opportunities through local providing signifcant direct, indirect and induced economic impacts.
contractors and suppliers.

“People are prepared to
pay an average of £5,969
more for a property close
to green space and
access to green spaces for

leisure is becoming more
important for those looking
to buy a home.”
Santander Mortgages 2015
Braeburn Park

Taylor Wimpey, who created a
new housing development in
South East London adjacent
to a former quarry and landfll
site, recognises the economic
benefts of attractive green
space on house prices.

The Land Trust’s involvement in this
challenging site enabled the space
to be transformed into a beautiful
green park and thriving woodland.

“The green spaces around our
development at Braeburn Park The Offce of National Statistics estimates
make it a great place to live and that the UK’s natural capital was valued at
are a vital part of the development, £1,573bn in 2011. Our green spaces contribute
so we are delighted that the Land
Trust and London Wildlife Trust to this natural capital and support the economy
have taken on the responsibility by providing services, such as food storage at
for managing the land. This will Beam Parklands in Dagenham or sustainable
ensure a positive and long lasting urban drainage systems, such as at our Old
legacy for the area.”
Brickworks Nature Reserve in the Midlands.
Paul Bending
External Works Manager, Taylor Wimpey.

Annual Report / the Land Trust 2015 14