•How do we stimulate Sustainable Economic Growth?
•How do we finance development?
•How do we finance essential infrastructure and community facilities?
•Who is going to procure and deliver essential infrastructure?
•Who is going to procure and deliver community facilities?
•How do we finance development?
•How do we finance essential infrastructure and community facilities?
•Who is going to procure and deliver essential infrastructure?
•Who is going to procure and deliver community facilities?
These are some questions posed in a presentation by GVA Grimley after they stated that:
"Development historically contributed to the funding of new infrastructure projects, schools, affordable housing and other projects through planning gain.
The buoyant market conditions that allowed these contributions to be made have gone and are unlikely to return.
Weak market conditions coupled with the inability to obtain debt finance will severely curtail the level of new development. This will have a profound effect on the future level of planning gain contributions.
In short, the current system is broken and unless changes are made, many major development schemes within Scotland will not come forward."
(Click here to read more from this presentation which is located on the Scottish Government web site.)
The Scottish Property Federation has stated that (click here):
"A key ingredient to better decision-making in the planning service must be an enhanced understanding of development viability."
It has become extremely clear to APTSec that if the right balance of development is to be successfully delivered then Government, Local and National Politicians, landowners, developers etc need to start genuinely involving the community in the planning process. It is within the highlighted groups that a change of culture needs to occur. It is important t hat the new realities of development viability are clearly understood by the public. Having a 'generous supply of land' available is not going to solve the problem.
[GVA Grimley describe themselves as:
...a leading property consultant providing a comprehensive range of property solutions to UK and international owners, occupiers, investors, lenders and developers
click here for their web site
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