Homes England – Measuring Social Value Paper 2: Brownfield Development Values

Summary

Homes England addresses the challenge of accurately quantifying the social value of brownfield development, particularly benefits difficult to monetize, which can lead to misaligned economic appraisals. Their approach involves a new research paper and an Excel tool to measure the local social benefits, such as disamenity removal and new amenities, for inclusion in project Benefit Cost Ratios. This work is part of an ongoing initiative to improve economic appraisal guidance and is currently in progress, with further guidance expected next year.

Key Facts

Source Document

https://example-government.gov/policy-document-link