Economic, social and cultural contribution of the Royal Botanic Gardens & Domain Trust has been saved
Economic, social and cultural contribution of the Royal Botanic Gardens & Domain Trust
A walk through the gardens
Deloitte Access Economics has calculated the economic contribution of the Royal Botanic Gardens and Domain Trust and found the direct contribution, indirect contribution, and tourism spend totals $140 million for 2016-17 financial year.
The Royal Botanic Gardens and Domain Trust (RBGDT) forms a key component of Sydney’s urban environment. As Australia’s oldest ongoing scientific institution, with a history spanning over 200 years, the economic contribution and cultural value of RBGDT for NSW is significant. More than 5.8 million visits were made to the three sites under RBGDT management in the 2016-17 financial year.
This report assesses the economic, social and cultural, and scientific contribution of the RBGDT. This includes the direct and indirect financial and employment value the RBGDT adds to the NSW economy, as well as its use value and non-use value to residents of NSW. This assessment includes the following three sites under the management of the RBGDT:
- Royal Botanic Garden Sydney and The Domain
- Australian Botanic Garden Mount Annan
- Blue Mountains Botanic Garden Mount Tomah.
The purpose of this report is to highlight the economic, social and cultural value of these vital green spaces and the scientific research rather than commodify the gardens themselves. This report is just one input that can assist decision making about funding and maintenance of the Botanic Gardens.
- The economic contribution of the RBGDT consists of its direct contribution, indirect contribution, and tourism spend which totals $140 million for 2016-17 financial year.
- The RBGDT is estimated to contribute $19.6 million a year in total direct value added to the NSW economy.
- The indirect contribution is estimated to be over $16 million in the 2016-17 financial year.
- Furthermore, for every full-time equivalent (FTE) employed directly by the RBGDT, more than three additional FTEs are employed indirectly such as those employed in the tourism sector.
Published: October 2018