Government 'actively looking' at measures to better capture land value uplift

The government is 'actively looking at' ways to better ensure that land value uplift is better captured for reinvestment in infrastructure, housing and planning minister Gavin Barwell has said.

Housing and planning minister Gavin Barwell
Housing and planning minister Gavin Barwell

At an event at the MIPIM UK property conference in London today, Victoria Hills, chief executive officer at the Old Oak and Park Royal Development Corporation, said that better mechanisms needed to be put in place to ensure that value uplift from infrastructure investment is captured for re-investment.

Hills said there was a need to "look locally, regionally and nationally at how you can ensure that taxpayers' money, which has gone into creating the infrastructure, doesn’t walk out the door into developers’ or landowners’ pockets".

Speaking at the same event, Barwell said that the report of the expert panel review of the Community Infrastructure Levy (CIL) had "just landed" on his desk.

He added: "Clearly the mechanisms we use to try and capture that uplift is something that we are actively looking at at the moment".

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