Highbury Fields and Sefton Park revalued

We calculated the value of two parks, Highbury Fields and Sefton Park, as indicative examples.

Highbury Fields was valued at £49 million, excluding the on-site public swimming pool, or £53 million including the pool.

Sefton Park was valued at £105 million excluding the Palm House, or £108 million including it.

It is worth noting that these are considerable underestimates of the total value of these green spaces to society and do not include:

• the cost of designing a landscape
• biodiversity value
• value as a way of mitigating the effects of climate change, such as flooding
• other aspects of value that parks can bring to communities.

The report includes a diagram showing how to describe the benefits good-quality parks and green spaces provide to society in terms of their economic, social and environmental value:

• Ways to measure the value of parks and green spaces (PDF)
• A suggested framework for valuation (PDF)