The COVID‐19 pandemic has meant upheaval for child and adolescent mental health services and for children, young people and their families. We look at this disruption through the lens of values‐based practice. We also briefly examine the concept of natural capital and the opportunity for ‘Building Back Better’ post‐COVID. We suggest that as well as losses, there are also opportunities to rethink and reshape our practices to make them more value‐based.