Table 6 Assumptions of change in benefits; Baseline to Scenario 2 Benefit type
Baseline
Scenario 2
Property* – change in premiums of properties within 25m of an urban water location and 50m of a rural water location. Boating – change in use levels
5%
8%
0%
2.5% annual growth
Towpath visitors - change in use levels
0%
Angling** – change in use levels
0%
Urban rivers and canals: • 30% annual growth (yrs 1-2) • 2% annual growth (yrs 3-6) • 83% total compound growth year 1 to year 6 • Stabilises (yrs 7-15) Rural rivers and canals: • 18% annual growth (yrs 1-2) • 2% annual growth (yrs 3-6) • 51% total compound growth year 1 to year 6. • Stabilises (yrs 7-15) 0% - no change assumed.
*The 8% change reflects the high end of the range of premiums for existing properties taken from Powe et al. (2000) **It is not known whether angling activity would increase under Scenario 2 and if so, by how much. For the purpose of this study is assumed to remain constant across all waterway categories.
undergone significant improvements in recent years and it is thought that usage levels would grow at a more modest rate in these locations as a result of additional funding.
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