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.

To download the report, please complete the form below.

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

Read the report

Complete the form below to download the report.

Recent related reports

Technological barriers on the path to industrial electrification

While electrification promises more sustainable growth and a reduced environmental impact, global industry continues to rely strongly on fossil fuels, primarily due to their cost advantage over electricity and the pre-existing fossil fuel reliant production processes in place. Low margins and lengthy investment cycles add to the industrial de-carbonisation challenge.

Find Out More
Eurozone: Why food prices are a channel for more frequent supply shocks

More frequent adverse supply shocks mean eurozone inflation is likely to be more volatile and possibly higher on average in the future. Food prices are a key channel through which these global shocks will be transmitted, according to our analysis. We provide a quantitative assessment of the impact of a wide range of supply shocks on eurozone inflation.

Find Out More
Greenomics – Ep. 10 | Out of the frying pan? Climate impacts and adaptation opportunities

How does extreme heat affect human health and the economy, and what is being done about it? Shilpita Mathews, Senior Economist at Oxford Economics, joins our host Sarah Nelson to discuss adaptation. Shilpita speaks to guests Jane Gilbert, Chief Heat Officer of Miami-Dade County and Emilie Mazzacurati the Co-founder and Managing Partner of Tailwind about the risks that extreme heat poses for our economy and the landscape of solutions available to help cities, communities and individuals adapt to a changing climate.

Find Out More
Mapping the Plastics Value Chain: A framework to understand the socio-economic impacts of a production cap on virgin plastics

The International Council of Chemical Associations (ICCA) commissioned Oxford Economics to undertake a research program to explore the socio-economic and environmental implications of policy interventions that could be used to reduce plastic pollution, with a focus on a global production cap on primary plastic polymers.

Find Out More