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Research shows 2m per year impact of European funding for woodlands

30 December 2009

Communities in the Northwest are £2m per year better off thanks to new woodlands created by just one of The Mersey Forest's funding streams.

 

Research was carried out by Regeneris Consulting into the economic impact of Mersey Forest projects funded by the European Union's Merseyside Objective One programme.

 

The study looked at a range of benefits that result from the new green spaces (like fresh air and exercise) and then developed a model that put a monetary value on each one.

 

Top of the list, with a value of more than £900,000 a year across the region, is the benefit of having a woodland view, either from home or on a regular journey, such as the daily commute to work.

 

The Forest also brings great advantages in terms of health and wellbeing. Tree planting reduces air pollution - which can contribute to asthma and strokes, for example - and this was calculated to bring benefits worth over £100,000 a year.

 

In total over the next 50 years, the £7m Objective One funding (which has now ended) will generate an extra £70m of benefits.

 

Click to read the full report.

 

Photo: McCoy Wynne.

 





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