Does it Stack Up? Is it Viable?
It’s easy to say that a development proposal is not viable, but what does it really mean for Local Authorities who receive a planning application where the applicant outlines viability issues?
How do we measure viability?
What is the role of existing use value in considering viability?
What is the influence of banks and other lenders on viability?
Is the lack of viability down to market factors or is it more site-specific?
What would it take to make a development viable?
- A small rise in prices?
- A slightly lower profit?
- A different affordable housing mix, the new affordable rent in place of the traditional social rent?
- Social Housing Grant?
At what point can we say that a development is viable? At Adams Integra we are used to addressing all these questions particularly on site specific planning applications where:
- We can support Local Authorities determine if viability is the critical issue
- We can negotiate for LA’s with Developers, Registered Providers and other interested parties
- We can support LA’s in providing specialist appeal support
- We can negotiate CIL payments and other financial contributions
We have many years experience of viability studies for both local authorities and developers.
These might be site-specific or designed to test strategic policy.
We adopt a robust methodology to produce a case that will stand up to formal inquiry.
Our team consists of Chartered Town Planners and Chartered Surveyors, who have the professionalism and experience to develop a strong viability case.
We are currently working for 11 Local Authority Planning Departments providing scheme specific guidance and advice from pre application advice to Expert witness support at Inquiry.
In virtually all cases our Local Authority clients recharge applicants for this advice; we work for local authorities at no cost to their service
Our team work from their offices in SW London, Chichester, Christchurch and Langport near Taunton.
For an initial, informal discussion of your viability needs contact:
Simon Jenkins MRTPI 07795 485018 sjenkins@adamsintegra.co.uk
James Sinclair MRICS 07535 629165 jsinclair@adamsintegra.co.uk
