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

RICS index sees London mayoral CIL rates fall

RICS index sees London mayoral CIL rates fall

Charging rates for the London Mayoral Community Infrastructure Levy (MCIL) have fallen in 2020, the first year in which a new Royal Institution of Chartered Surveyors (RICS) index has been applied.

The councils set to get the biggest New Homes Bonus payments in 2020/21

The councils set to get the biggest New Homes Bonus payments in 2020/21

London boroughs have topped the table of the highest annual New Homes Bonus payments in the country, but several authorities in the capital have dropped out of the top 20, new provisional government figures show.

Government announces £8 million in garden town and neighbourhood planning cash

Government announces £8 million in garden town and neighbourhood planning cash

The government has announced funding of £6 million to assist with design work and the preparation of environmental assessments for 21 garden towns and villages, alongside £1.9 million to help communities prepare neighbourhood plans.

New Homes Bonus payments to fall for second year running

New Homes Bonus payments to fall for second year running

The total amount paid to English councils under the New Homes Bonus scheme is set to be £10 million lower in 2020-21 than in the current financial year, according to government projections, the second year in a row in which allocations under the programme have fallen.

CIL Watch: RICS sets out new guidance on assessing levy viability

CIL Watch: RICS sets out new guidance on assessing levy viability

The impact of community infrastructure levy (CIL) rates should be considered alongside local plan policies when assessing viability across a council area, according to new draft guidance for surveyors.

Economic Appraisal and Viability Comment

Legal Viewpoint: How infrastructure levy can bite on relatively modest developments

The Court of Appeal has considered some of the nuts and bolts of the Community Infrastructure Levy (CIL) regime for the first time. The facts illustrate the potential jeopardy faced by developers from provisions that are complex and, at their core, still open to varying interpretations.

Developers will pay for quality council advice to avoid expensive problems, by Richard Garlick

Our survey of the pre-application advice fees charged by English unitary authorities reveals a huge variety in the range of charges levied.

Ministers must put onus on councils to provide more homes for older people, by Richard Garlick

Backbench MPs last year concluded that there was a shortfall in the supply of specialist homes for older people.

Funding education through developer contributions will be challenging, by Richard Garlick

New guidance from the Department for Education (DfE) reinforces the message in recent planning guidance revisions that new school places necessitated by development should be funded through developer contributions.

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Economic Appraisal and Viability In Depth

Need to know: Environmental planning commitments versus reality

Need to know: Environmental planning commitments versus reality

Breaches of commitments can go unnoticed, and there is a widespread disconnect between promises made in planning and outcomes. By Dominic Woodfield.

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.

CIL Watch: Rushcliffe introduces CIL charges of up to £100/sq m

CIL Watch: Rushcliffe introduces CIL charges of up to £100/sq m

A Nottinghamshire council has adopted a multi-tiered Community Infrastructure Levy (CIL) charging schedule for housing and retail developments.

The policy and legislation changes in the pipeline this autumn

The policy and legislation changes in the pipeline this autumn

This autumn is due to see a series of key policy developments. Colin Marrs looks ahead.