Green perspectives on Stockwood and Bristol. Mostly.

Friday, 10 December 2010

Green Space sell-off: the back-of-an-envelope analysis

Key figures (revised 13/12 to compare like with like):

Feb 2008 Cabinet:

Element of Parks & Green Spaces funding required from land sales:
£41m :For capital investment
£22m :For maintenance
£63m :Total to fund parks programme
£27m : agreed share (@ 30% of gross sales) for the council pot
£90m : total sales receipts required.

Dec 2010 Cabinet:
£16m : total value of sites identified and recommended for sale
£ 4.7m : lost to parks as the agreed cut for other purposes
£11.3m : funds available toward PGSS target.

Shortfall : £51.7m (i.e. only 18% of the total can be raised)

Extract from Parks and Green Spaces Strategy, driving the sales:

"should there be insufficient 'low value' marginal land available.... the council will review the ambitions of the strategy and consider alternative funding sources." (p42)

1 comment:

woodsy said...

What the Council views as "'low value' marginal land" often has a very high wildlife value.