The London Borough of Barnet is the first London Borough to produce a borough-wide Corporate Natural Capital Account (CNCA) for 200 of its parks and open spaces. The CNCA provides Barnet’s council with an evidence base to quantify the economic, social and environmental benefits accruing from its green infrastructure assets. The CNCA has been developed using the quality and value assessment data of these spaces assembled for the borough’s Parks and Open Spaces Strategy (2016-2026). This account shows the value of 200 of Barnet’s parks and open spaces for the wellbeing of residents. The total value of benefits from them is estimated at more than £1 billion over the next 25 years.
Jon Sheaf & Associates, eftec, London Borough of Barnet
Project specific. Four ecosystem services most relevant to the London Borough of Barnet were valued: Recreation, Physical health benefits, Property premiums, Climate regulation
Which ecosystem services were focused on?:
- Health and well-being
- Climate regulation