The CPA's Annual Law Reform Lecture 2023

The CPA's Annual Law Reform Lecture 2023

Compensation for Hope Value – Is it Fair, Equitable and Affordable?

Date of Recorded Event: Monday 6 March 2023		CPD Hours: 2 Hour
Module Duration: 1 Hour 53 Minutes		Price: £110 + VAT

There are substantial calls for legislation within the political establishment – and across the major parties - to reform the existing compensation regime that would limit the ability to claim hope value as part of the assessment of compensation where land is compulsorily acquired. Particularly in regards to the delivery of housing.

The Government has consulted on amending the compensation provisions associated with the future prospect of planning permission and appropriate alternative development, where acquiring authorities could seek directions to cap the value paid to landowners at an amount at or above existing use value. We wait to see if the Government will introduce new clauses on this to the Levelling Up and Regeneration Bill. Whether it makes the Bill or not, there is political support for change, if not now, then next time.

Meanwhile, the CPA has polled its members on the Government’s proposal and there is little support for anything that undermines market value.

The lecture will look at:

Understanding the law and practice as it is.
Are the existing rules actually working for both acquiring authorities and landowners?
Understanding the pressure on the current law – what’s driving the desire for reform.
Understanding the reform asks and whether they are workable.
Considering whether there are other options for reform.

Speakers:

David Holland, Chair, The Affected Parties working Group, Vice Chair of the CPA and Partner, Squire Patton Boggs (UK) LLP
Charles Clarke, former CPA Chair, former Policy Officer @ DLUHC
Colin Cottage BSc (Hons) MRICS RICS Registered Valuer, Managing Director - Compensation, Ardent Management
Rob Smith, Director, Hyas Associates Ltd

Lucy Thomas, Partner, Pinsent Masons