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The six projects announced today will develop a formal and multidisciplinary approach to valuing the benefits of culture and heritage assets to society.

They will contribute to the Department for Culture, Media and Sport’s (DCMS) Culture and Heritage Capital Programme.

One project will focus on the National Museums Liverpool Waterfront Transformation project, which will provide a case study for local and regional culture-led initiatives and levelling-up.

Another will apply techniques from behavioural economics to assess the economic and cultural value of digital culture and heritage assets.

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