Economic Appraisal and Viability

News, analysis and discussion of economic appraisal and viability of development proposals.

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Economic Appraisal and Viability News

Gove promises steps to ensure developers keep infrastructure funding promises

Gove promises steps to ensure developers keep infrastructure funding promises

Housing secretary Michael Gove is looking to make it harder for wealthy housebuilders with large balance sheets to escape section 106 commitments, as part of a drive to increase developer contributions to infrastructure from housebuilding.

CIL Watch: Permitted development may be subject to section 106, says Gove

CIL Watch: Permitted development may be subject to section 106, says Gove

Housing secretary Michael Gove has said the government is considering whether projects allowed under permitted development (PD) rights should be subject to section 106 planning gain agreements.

Chief planner urges councils to progress local plans and publish infrastructure funding statements

Chief planner urges councils to progress local plans and publish infrastructure funding statements

The government’s chief planner has reiterated a ministerial call for councils to complete work on their local plans by December 2023 and has urged authorities to publish their newly-required infrastructure funding statements by the “fast approaching” deadline of the end of this year.

What a proposed new levy on high-rise buildings would mean for councils and developers

What a proposed new levy on high-rise buildings would mean for councils and developers

A proposed new levy on high-rise buildings could hinder the supply of such schemes, some observers fear, which might hit urban councils' housing delivery targets and squeeze affordable housing provision.

DLUHC announces £624m of loans for developers 'to help deliver 116,000 new homes'

DLUHC announces £624m of loans for developers 'to help deliver 116,000 new homes'

At least £624 million of loans will be available for developers through the government's Home Building Fund up to 2025, with the aim of helping to deliver 116,000 new homes, the housing department has announced.

Economic Appraisal and Viability Comment

Legal viewpoint: Caution needed over legal agreements on additional affordable provision

A recent High Court decision on a case from East Sussex has thrown into question the commonly held view that developers may provide affordable housing in excess of the quantum required under a section 106 agreement without being in breach of its terms.

Change will follow the money at COP26, by Graeme Bell

COP26 shows us that we need financial carrots to achieve net zero, and the money must help communities hardest hit by climate change.

Freeports provide a fresh opportunity for planners to make a difference, by Graeme Bell

With eight new freeports set to come forward in England, the potential to boost regional economies – and level up more deprived parts of the country – is there. Planners must be on hand to ensure the effects are reaped by the many.

Bold new Scottish government targets bigger share of landowners' planning profits, by Cliff Hague

A mechanism for capturing a bigger slice of the land value increase delivered by planning permission, plus the embedding of the principle that people should be able to meet most of their daily needs by taking a short walk or bike ride, are among planning commitments agreed by the new Scottish coalition government

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Economic Appraisal and Viability In Depth

How we used planning tools to extend the London Underground

How we used planning tools to extend the London Underground

A funding package involving borrowing against future developer contributions and business rate increases enabled delivery of the Northern Line extension

CIL Watch: who's charging what?

CIL Watch: who's charging what?

Want to know whether your local authority has published Community Infrastructure Levy proposals? Our live table includes the latest details of councils' levy plans, including a breakdown of charges by development type.

Why a new housing development tax is unlikely to boost applicants' build-out rates

Why a new housing development tax is unlikely to boost applicants' build-out rates

A new residential development tax set to be unveiled in the Autumn budget has been described in some national media coverage as a levy on developers that "hoard" land with planning permission. However, experts say the draft legislation does not indicate that it will disincentivise such behaviour, but there are concerns that it may impact development viability.

Why more councils appear to be facing hefty cost penalties for refusing large housing schemes on allocated sites

Why more councils appear to be facing hefty cost penalties for refusing large housing schemes on allocated sites

Practitioners believe there has been a recent rise in councils losing appeals after refusing applications for large housing schemes on allocated sites and consequently paying out expensive costs awards to developers for "unreasonable behaviour". Some say this is due to many planning committee members not feeling a sense of ownership of their local plans where they were adopted under a previous administration and wanting to make "populist" decisions.