Land Value Capture debate; It's not over yet.
CPA North West and Yorkshire Regional Seminar
Monday 25 February 2019
Squire Patton Boggs, 1, Spinningfields, 1 Hardman St, Manchester M3 3EB
Registration from: 16.15. Event starts at: 16.45. Event finishes at: 18.45. Followed by a drinks reception.
The UK domestic political focus is centred on the delivery of new homes and is seeking a more effective means of capturing more value from the development.
There are lobby groups who have urged the government to reform the Land Compensation Act 1961 and the formula for awarding compensation, from market and hope value to existing use value, and the MHCLG select committee sought reform; although this appears to have been resisted in the Government’s response, published on 29 November 2018.
But aren’t landowners and developers already paying a significant sum in various levies and schemes to bring forward development? Will further taxation create inertia and unfairness?
- Do the lobby view represent sound planning policy?
- Does it fit within, or undermine, the current CPO code?
- Do the proposals really capture land value?
- Will such policies expedite housing delivery?
- We such reform create greater resistance from landowners making land assembly more costly and slower?
- Will it create inertia in schemes coming forward?
- Where do such proposals fit in the context of Article 1 of Protocol 1 of the European Convention on Human Rights
- Does LVC feature and fit comfortably within the recently launched Greater Manchester Spatial plan?
It would be foolish to think that the lobbyists will give up at this first rebuff. It would be wise for all practitioners to be aware of the debate and the CPA NW and Yorkshire regions have joined forces to present a valuable update.
Whilst such proposals may appeal to politicians, interest and lobby groups;
- Welcome - David Holland, CPA Board Member and Partner, Squire Patton Boggs
- Chair - How did we get here? - Jonathan Stott, Chair of The CPA and Managing Director, Gateley Hamer
- Main paper, contributions and the lobbyist positions - Ian Ponter, Barrister, Kings Chambers
- Panel Q&A - Ian Ponter, Barrister, Kings Chambers, Stephanie Hall, Solicitor, Manchester City Council, Greg Dickson, Planning Director, Barton Wilmore, David Holland, Partner, Squire Patton Boggs
* This seminar is free to CPA Members & Local Authorities using discount code: CPANW, a fee of £20+VAT for Non members.