Natural capital valuation of a botanic garden living collection
Summary
The client requested support to value the natural and social capital of one of their largest living collections as part of a larger overall engineering project.
How we helped
Little Blue Research supported an engineering consultancy by undertaking 17 environmental and socio-economic valuations as part of a HMT Green Book Assessment as part of a large construction project.
Client description
Botanic garden
Supporting an engineering consultancy
Case study details
Main service: Impact & dependency
Sector: Science and education
Assessment location: UK
Capital(s)
Challenges
• Using the total economic value framework and Green Book criteria & guidance to assign monetary values to a living collection of plants.
• Identifying research on the value of the specimens that make up the living collection.
Outcomes
• Summary of the qualitative, quantitative and monetary values produced for the living collection over a fifty-year time period.
• Recommendations and options for expanding the valuation of the living collection.
Related case studies
Peer review of a valuation of onshore wind farms
