Page 23 - The Land Trust Annual Review 2018

Economy Land Trust Annual Review 2018

Well managed Alliance Manchester Business School
green space
can have a Research – Port Sunlight River Park
hugely positive
effect on the We commissioned research with the Alliance
local community Manchester Business School to evidence
and economy 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 “ I’ve been involved
land owner Biffa Waste Services Ltd and
other partners transformed the site into a 30 with Port Sunlight River
hectare park and wetland, after securing £3.4 Park from the outset,
million of public and private investment for so have seen how the
its creation and long term maintenance.
Land Trust’s model
The research highlighted that good quality for managing parks
green spaces, when well managed, can: long term can really
Improve an area’s attractiveness benefit communities.
Increase property values
Encourage local investment “ But this research
Along with employing local managing Generate local business revenue goes further and can
partners and suppliers our sites add a Create and safeguard jobs
value to local communities, encouraging Enable volunteering, learning show that long term
positive investment. and development management of green
Protect homes and businesses from flood risk.
We are committed to developing our spaces improve property
understanding of the economic and other The green space around Port Sunlight values and local business
benefits to households, business and wider River Park has had a direct positive revenues, which is crucial
society of us holding and managing land for impact on local property values.
charitable purposes and the value that evidence that should
it creates. £3.4 million investment to create increase investment in
and maintain the park in perpetuity
5.4% increase – the increase in value public green spaces.”
every 100 metres that a house is Alison McGovern MP
closer to the park within 500 metres
£7.8 million – estimated total value that the
park adds to houses located within
500 metres
£8,674 – the average addition per house
price within 500 metres of the park.

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