Economic value

aerial photography of LyntonIn 2010 the Department for Business, Innovation and Skills set priorities to return the nation’s economy to healthy through a commitment to be the greenest government ever with a long term plan for greening the whole economy. In Devon this meant setting up a Local Enterprise Partnership which could help drive sustainable economic growth and job creation.

The LNP has a complimentary role to work with the LEP to help grow a green economy and you can find out more about how this is being achieved through the Natural Capital webpages. However in Devon the surrounding ecosystems already provide varied and critical services for Devon. Click on the drop downs below to explore some of the amazing examples of ecosystem services.

Ecosystem services in Devon

  • Coast

    An aerial image of the SW Coast Path separating the sea from the landDevon has 42 beaches with Blue Flag status. Surfing from north Devon beaches is estimated to be worth £52 million per year to the local economy.

    The Jurassic Coast is the only natural World Heritage Site in England. The East Devon stretch of the site attracts around 650,000 staying visitors and 2.5 million day visitors each year, spending over £250 million.

    The South West Coast Path is the UK’s most popular National Trail and is listed as one of the world’s greatest walks by Lonely Planet. In 2011 over 2 million people used the Devon section, spending over £132 million.

     

     

  • Marine

    Fishermen carrying a bucket of catch up harbour stepsLyme Bay has been identified as a UK marine biodiversity hotspot. Its reefs support rare species such as the sunset cup coral. Commercial fishing within just the Torbay Marine Conservation Zone generates almost £1 million a year in landings, while recreational activities generate around £1.6 million a year.

    Brixham is the largest fishing port in England in terms of the value of landings, £22 million a year.

    People living less than 1 km from the sea are more likely to consider themselves in good health than people living further away.

     

     

  • Landscapes

    Hay TorThe landscapes of Devon are the main attraction for tourist. Tourism spend in the county is over £2 billion annually, more than any other county in the south west.

    Devon has two National Parks and five Areas of Outstanding Natural Beauty and our landscapes are a main attraction for tourists. Tourism spend in the county is over £2 billion annually, more than any other county in the south west. Dartmoor National Park contributed £520 million to the local economy in 2009.

     

     

     

  • Nectar Networks

    Flowers at Belle IsleFlower rich areas on farmland, road verges, gardens, parks and schools all provide an important source of nectar and pollen for Devon’s bees and other pollinators. To replace pollination services provided by bees nationally would cost farmers around £1.8 billion a year in labour and pollen alone.

     

     

     

  • Access

    Cyclist on moorDevon has 3,200 miles of public rights of way and over 86,000 hectares of accessible natural green space (largely Open Access Land). The health and welfare benefits of the UK’s green spaces is £30 billion a year.

    Developers are willing to pay 3% more for commercial property near to open space.

     

     

     

  • Farmland

    Devon Cattle, Hedgelink croppedThe Working Wetlands programme, part of Upstream Thinking, has drawn down £7.7 million of agri-environment funding in the past six years to support local farmers across north Devon.

    Agriculture and food production accounts for 13% of Devon’s economy compared to 7.6% nationally.

     

     

     

  • Hedges and Woodland

    Wood, hedges and coast, Tony Martin small creditDevon has approximately 77,600 hectares of woodland and 53,000km of hedges, as well as around 20% of all the species rick hedges in the UK. A study of the wood fuel industry showed that the value of wood fuel production in Devon could grow by £4 million between 2010 and 2020.

    Devon’s woodlands account for 4,500 full time equivalent jobs and contribute £200 million to the local economy.

     

    The value of public access benefits to UK woodland is estimated to be £447 million a year.

  • Rivers

    Badgers Holt, Dartmoor (please credit Dave Richards) - Copy creditDevon has 3,500km of river habitats, which supports a wealth of wildlife, including an internationally important otter population. Devon’s 13 salmon rivers support some of the best salmon fishing in the UK. The River Dart is internationally renowned for water sports.

     

     

     

     

  • Wetlands

    Marsh Fritillary Copyright Peter BurgessSouth West Water is investing £9.1 million in ‘Upstream Thinking’ between 2010 and 2015. Funding in Devon is helping to restore upland bogs and wet culm grasslands, which act as sponges within the landscape and help to clean and regulate our water supplies. These wetlands are beneficial to rare species such as the Marsh Fritillary butterfly.