Economics and Built Heritage – Seminar proceedings

Built heritage – value adding sector

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Among researchers of cultural economy, there is a broad agreement that historic preservation is a societally significant activity and that its benefits outweight the costs. Heritage can be seen as an asset in the knowledge and creative economy. However, there is a lot do to raise the economic analysis of built heritage to a level where it truly helps decision-making in the various scales from single projects to national budgets. This publication contributes to raising the ‘strategic’ discourse of heritage economics in the Nordic countries. It also shows some examples how heritage valuation could perform in planning and decision-making. The ‘Economics and Built Heritage in the Nordic Countries’ project, funded by the Nordic Council of Ministers, has aimed to raise public awareness about the value adding potential of heritage. It has gathered information and data sources and is preparing a Nordic and Baltic research agenda and a network of researchers across national borders. This publications includes key contributions of the conference ‘Built Heritage – Value Adding Sector’ organised by the project in Helsinki in December 2005.




Internationally, the economic valuation of built heritage is a lively field of research. In the Nordic countries, however, this field has been relatively little known, even though the needs for research-based knowledge are clear. In this context, the Economics and Built Heritage project aims to raise public awareness about the value adding potential of heritage, gather information and data sources, prepare a Nordic and Baltic research agenda and network researchers across national borders. In December 2005, the project organised in Helsinki a conference titled ‘Built Heritage – Value Adding Sector’. It was a success, gathering 130 speakers and participants from Finland, Germany, Latvia, Norway, Sweden and the USA.


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