Edinburgh world heritage site valued at over 1 billion
A new report, ‘Edinburgh World Heritage: Economic Value report’, from Edinburgh World Heritage, has found that residents, visitors and businesses attach an economic value of between £1.2 – £1.4 billion to Edinburgh’s World Heritage Site.
Edinburgh World Heritage writes:
The report reveals the depth of public support for the World Heritage site. The survey found that 96% of respondents feel that the city’s heritage is beneficial, and that this support is regardless of respondents’ economic or social background. Residents, visitors and businesses all strongly support the conservation of Edinburgh’s heritage, and see the World Heritage Site as a public good and long-term legacy for future generations.
The report was designed to capture the relationships that residents, businesses and visitors have with the site, and to express this through the attribution of a monetary value. Importantly, the contingent valuation established by the research is entirely separate to the commercial activities of businesses and residents within the World Heritage Site.
Adam Wilkinson, Director of Edinburgh World Heritage commented: ‘this pioneering report shows that the World Heritage Site is deeply valued, and that its long term maintenance should be a priority for public spending. It also demonstrates a tremendous breadth of support with visitors, residents, and businesses all seeing the benefit to the city.’
Brian Lang, Chairman of Edinburgh World Heritage said: ‘the World Heritage Site is a fundamental driver of the city’s economy, and plays a vital role in attracting over 4 million visitors every year. The research shows that this value is widely understood, with residents and businesses agreeing that investment in heritage has long-term benefits for the city.’
Cllr. Gavin Barrie, Convener of the Economy Committee, responded: ‘we are immensely proud of Edinburgh’s World Heritage Site. It brings tremendous value to the city and its economy and this research is to be welcomed. The report spells out why millions of visitors are flooding to Edinburgh every year to enjoy the World Heritage Site. This is of great benefit as the capital is heralded as the ‘gateway’ to the rest of Scotland. Our residents also take pride in the area and businesses report great benefits to the local economy. The evidence suggests that the economic value placed on the World Heritage Site drives investors’ financial decisions.’
Jacqueline Hughes, senior risk analyst at Equib, in pbctoday discusses how project managers for town centre developments can get their risk management strategies right.
A new paper from the Adam Smith Institute argues that the problem with the High Street has been totally misunderstood, saying that we need to reform restrictive planning rules and reject a policy of managed decline to reinvigorate our town centres.
The Whole Life Cost of Energy (WLCoE) calculator – issued by government in BETA form – is intended to help building owners and operators to understand the full financial cost of the energy their buildings use, and welcomes feedback
New research published by Historic England (HE) shows the value of heritage to England’s economy as it contributes to economic prosperity and growth through jobs in the heritage and construction sectors and from tourism.
Investigations have begun into what caused part of Chester’s Roman city wall to collapse during construction work.
Though conservation professionals' skills in understanding, defining and explaining local character and architecture can help inform new residential design.
Over 500 historic places have been added to the National Heritage List for England (NHLE) in 2019 and Historic England (HE) has showcased 21 highlights.
The K2 prototype telephone box situated outside the Royal Academy in London – built as part of the 1924 competition that gave rise to the iconic design and first listed at Grade II in 1986 – has had its listing upgraded to Grade II*.
The second in a series focusses on developing the Asset Information Model (AIM).
Reflecting issues that will be encountered across the IHBC’s June 2020 Brighton School, think tank Centre for Cities argues for High Street success.
City A.M took a tour of the first apartment to be completed within the original grade II*-listed power station with designer Tim Boyd of Michaelis Boyd – which also designed the interiors for Soho House and the Groucho Club – and Battersea Power Station’s UK sales director Georgia Siri.
A conversion of a locomotive hangar into a public library is the first retrofit to win the top prize at the World Architecture Festival (WAF).