Submitted by Administrator on Thu, 08/05/2014 - 09:01
A recent review conducted by CCHPR identified measures taken successfully in other countries to bring land forward for housing (Monk et al, 2013). However, it showed that in England and Wales many of these mechanisms are already available or in place in some form. This new research funded by the RICS builds on the review to identify case study examples where the mechanisms have been used successfully.
The research explores particular land supply mechanisms in England:
- Flexible growth limit boundaries - Green belt ‘swaps’
- Putting infrastructure in place prior to development – Revolving Infrastructure Fund
- Putting infrastructure in place prior to development and land value capture – Tax Increment Funding
- Land value capture and compensation and incentives – the Community Infrastructure Levy
- Local authority involvement in land assembly - Compulsory Purchase