Understanding your assets
To understand the potential of a Parks Trust model for your area, you will need to gather data on your parks and green spaces.
Identify the different types of green space that will be transferred to the Parks Trust. The resource Which assets and why can be used to guide your thinking around the pros and cons of including certain landscape types.
- Financial and other data you will need to collate for the financial modelling tool is summarised in the Information about your assets resource.
- Gathering data on visitor numbers or footfall will enable you to understand the social value of your parks and green spaces, and help you to make a more compelling case to funders and investors.
- It is important to collate information on the legal status of your assets and any rights or restrictions affecting them. This could affect asset transfer and ability to raise income in the future.
Thorough initial baselining will be critical in order to develop a robust business plan and make implementation smoother.
Developing a set of Natural Capital Accounts is a way to help you to understand the potential value of your assets and could be used as a tool to unlock endowment contributions (see Funding an endowment).