Ungated Post | 25 Oct 2018
The economic impact of ornamental horticulture and landscaping in the UK
This research details for the first time the varied ways that ornamental horticulture and landscaping contribute value to the UK economy.
It sets out the scale and economic characteristics of the nation’s ornamental horticulture industries, as well as the role of horticulture in driving tourism, attracting visitors to the UK’s many renowned parks and gardens. Together, these channels contributed £24.2 billion to national GDP in 2017, encompassing the direct impact, the sector’s UK-based supply chains, and the wage-financed consumption of people employed in the sector and among its suppliers. Through the same channels, the ornamental horticulture industries supported the employment of 568,700 people, while generating £5.4 billion in revenues for government in 2017.
Furthermore, engagement with plants, gardening and green spaces have been shown to be remarkably beneficial to individual health and wellbeing, while also offering a raft of wider environmental benefits at a local and national scale. Along with the sector’s ‘core’ economic impacts, this report also considers the substantial economic implications of these ‘consequential’ aspects of ornamental horticulture.
Oxford Economics’ team is expert at applying advanced economictools that provide valuable insights into today’s most pressing business, financial,and policy issues.
To find out more about our capabilities, contact:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Peter Suomi
+65 6829 7198
Email
Related Services
Post
True Cost of Compliance – 2023 Report
This 2023 report updates our 2020 research on the detection and prevention of financial crime, and it's cost to the UK financial services sector. We surveyed 300 senior compliance executives about their costs and compliance activities, and used these results to estimate the costs across the UK Financial Services sector.
Find Out More
Post
Powering SMEs and the UK economy: Funding Circle’s 2022 impact
Small businesses in the UK continued to make a sizeable contribution to the UK economy in 2022, despite facing new challenges Post Covid. Analysis by Oxford Economics finds that lending to SMEs through Funding Circle generated a £6.9 billion contribution to UK GDP, supported nearly 106,000 jobs, and provided £1.4 billion in tax payments to the UK exchequer.
Find Out More
Post
Global Construction Futures
A global forecast for the construction industry to 2037.
Find Out More