Recent Release | 08 Dec 2023
The economic value of Royal Botanic Gardens, Kew
Economic Consulting Team
Oxford Economics
Oxford Economics undertook a total economic value assessment of Royal Botanic Gardens, Kew for the year 22/23. The report found that Kew delivered £3.81 in benefits to UK society for every £1 spent to run it.
Key benefits provided by Kew include the value of its scientific research in areas such as climate change and sustainability, which is enabled by Kew’s extensive collections of plants and fungi. Kew also provided substantial value to its 2.3 million visitors in the year 22/23, and provided educational opportunities to thousands of students across a number of programmes, ranging from school visits all the way to postgraduate diplomas.
Through survey techniques, the research also demonstrated that even those who do not benefit from Kew directly still place a meaningful value on its existence as an important institution.
The experts behind the research
Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Chris Warner
Lead Economist
Ross Thomas
Lead Economist
Simon Garforth-Bles
Senior Economist
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