The planning system is there to promote, facilitate and regulate development in the public interest. The impact of development, much of which is irreversible, on the lives of individuals and communities can be very significant depending on its nature, scale and location. The planning system is also primarily concerned with long term investment decisions.
Planning Daily notes today that:
"Concern over a lack of understanding of development economics has prompted property and planning organisations to commission research on better training..."
Extract:
"Councillors and other professionals involved in spatial planning need a better understanding of how developers deal with risk and return. Councillors often seek higher section 106 contributions, including affordable housing provision, than schemes can bear. Other professionals make belated requests for financial contributions or on-site provision of facilities in new developments without appreciating the impact this may have on the scheme's viability."
Whilst I appreciate that the English and the Scottish planning systems have their differences, I think we all need to become aware of the concept of development economics.
The Planning Advisory Service has a page on this
There is also a very interesting on line brochure from GVA Grimley
GVA Grimley has also prepared a 'Draft Guide on Development Viability' for the Scottish Government - Directorate for the Built Environment - (July 2009) which APTSec is about to print out and look over.
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