By Tony Crook, John Henneberry, Christine Whitehead
Winner of the Royal city making plans Institute award for examine excellence
This serious exam of the improvement and implementation of making plans achieve is well timed given fresh adjustments to the commercial and coverage environment.
The e-book seems to be either on the British context in addition to event in different constructed economies and takes inventory of ways the coverage has advanced. It examines the explanation for making plans achieve, the way it has brought immense cash for infrastructure and reasonable housing and, within the mild of this, the way it could proceed to play a task within the investment of these. It additionally attracts on in a foreign country adventure, for instance on effect charges and public zone land assembly. It seems to be at classes from the previous for destiny coverage, either for Britain and for nations overseas.
Mechanisms to faucet improvement worth also are a world phenomenon in constructed industry economies - even if via formal taxation or negotiated contributions. As economic austerity turns into an more and more demanding factor, ‘planning achieve’ has grown in value as a possible resource of investment for infrastructure and new cheap housing, with many nations prepared to check, research from, and adapt the adventure of others.
- a critical statement of making plans achieve as a policy
- timely submit credits crunch analysis
- addresses contemporary making plans coverage changes
Read or Download Planning Gain: Providing Infrastructure and Affordable Housing PDF
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Additional resources for Planning Gain: Providing Infrastructure and Affordable Housing
Sample text
Planning obligations were once a rarely used mechanism within British planning legislation (Jowell, 1977). They enabled local planning authorities to regulate aspects of development not directly related to land use and to ensure that developers mitigated some of the side effects of development. They have now become a frequently used method of obtaining substantial funding for wider infrastructure requirements and for meeting affordable housing and other community needs. What is especially interesting about the British experience of using instruments to extract planning gain is that the once separate means of capturing land development value and of applying the resultant funds have now come together at the local level.
That decision may be the best that the developer and the market thinks is achievable given the way the law is determined and the authorities implement their powers – but it is a choice constrained by the land-use planning system for good or ill. In order to better understand the implications of this process of generating planning gain it is important to clarify the different ways that planning impacts on land use and on prices in more detail (Bramley, 1994; Monk and Whitehead, 1999). We therefore now examine how planning works on supply, demand, densities and other aspects of development to modify decisions and outcomes and therefore prices, value and the potential to realise planning gain.
Land plays a necessary part in all economic activities and like other factors is valued in terms of derived demand – that is, the value to the investor in the best possible use. In the land-use planning context land will normally be combined with capital and the necessary labour to produce property where production takes place and people live. Land is also a consumption good in that people obtain direct value from its use and attributes – for example, we value gardens, both our own and other people’s; the location of our home and also the availability of green space for its benefits to ourselves and others.