The Economic Case
Capital economics recently released study has used the governments own Green Book framework to assess the value for money of community led Housing . A ratio of benefits to cost of between 1.5 and 2 is considered medium value for money while 2 to 4 is considered high VFM.
Using a ten year horizon one pound of public support generates 1.80 to 2.70 in health and benefit savings with wellbeing and income distribution factored in. If you make an assessment over thirty years this rises to a return of £3.10 on every £1.00 invested.
This report is fully in line with our own studies locally that have shown the same returns over longer horizons are achievable in renewable energy systems, investment in increased cycling schemes and many other areas where the prioritization of health and wellbeing through long term thinking and investment not only provide VFM returns but lead to a more productive, happier and healthier population which ultimately serves all of our aspirations for our town