This critical examination of the development and implementation of planning gain is timely given recent changes to the economic and policy environment.
The book looks both at the British context as well as experience in other developed economies and takes stock of how the policy has evolved. It examines the rationale for planning gain, how it has delivered substantial funds for infrastructure and affordable housing and, in the light of this, how it might continue to play a role in the funding of these. It also draws on overseas experience, for example on impact fees and public sector land assembly. It looks at lessons from the past for future policy, both for Britain and for countries overseas.
Planning Gain: Providing Infrastructure & Affordable Housing has a strong theoretical and policy analysis focus. It addresses development values from a micro-economics perspective; property development from the perspective of financial structures; betterment taxation and negotiated planning gain from principles of public finance and taxation and their links with the planning system; professional challenges in the use of planning gain; and the innovation, adoption and adaptation of planning gain at the local level from the perspectives of discretionary policy and negotiating practice. It shows how negotiated planning gain has been a successful de facto betterment tax compared with earlier de jure attempts in Britain to tax development value through national taxation.
Mechanisms to tap development value are also a global phenomenon in developed market economies - whether through formal taxation or negotiated contributions. As fiscal austerity becomes an increasingly challenging issue, 'planning gain' has grown in importance as a potential source of funding for infrastructure and new affordable housing, with many countries keen to examine, learn from and adapt the experience of others.
The Editors
Professor Tony Crook is a Chartered Town Planner, Emeritus Professor of Town & Regional Planning and former Pro Vice Chancellor of the University of Sheffield.
Professor John Henneberry is a Chartered Town Planner, a Chartered Surveyor and Professor of Property Development Studies in Department of Urban Studies and Planning at the University of Sheffield.
Professor Christine Whitehead is Emeritus Professor of Housing Economics at the London School of Economics and was for 20 years Director of the Cambridge Centre of Housing and Planning Research at the University of Cambridge.
From the book's Foreword by Dame Kate Barker:
`This book makes a tremendous contribution to the subject by bringing together a rigorous theoretic approach, a clear narrative of developments since 1947, and a good deal of data on the revenue which has been gained for the public purse and on the new affordable homes secured from planning obligations In particular, It is welcome to read a very clear account of why the taxation of land can be rather more distorting of land use than is sometimes supposed...'
This critical examination of the development and implementation of planning gain is timely given recent changes to the economic and policy environment
The book looks both at the British context as well as experience in other developed economies and takes stock of how the policy has evolved. It examines the rationale for planning gain, how it has delivered substantial funds for infrastructure and affordable housing and, in the light of this, how it might continue to play a role in the funding of these. It also draws on overseas experience, for example on impact fees and public sector land assembly. It looks at lessons from the past for future policy, both for Britain and for countries overseas.
Planning Gain: Providing Infrastructure & Affordable Housing has a strong theoretical and policy analysis focus. It addresses development values from ; micro-economics perspective; property development from the perspective of financial structures; betterment taxation and negotiated planning gain from principles of public finance and taxation and their links with the planning system; professional challenges in the use of planning gain; and the innovation, adoption and adaptation of planning gain at the local level from the perspectives of discretionary policy and negotiating practice. It shows how negotiated planning gain has been a successful de facto betterment tax compared with earlier de jure attempts in Britain to tax development value through national taxation.
Mechanisms to tap development value are also a global phenomenon In developed market economies - whether through formal taxation or negotiated contributions. As fiscal austerity becomes an increasingly challenging issue, `planning gain' has grown in importance as a potential source of funding for infrastructure and new affordable housing, with many countries keen to examine, learn from and adapt the experience of others.
Also available in the series
Transforming Private Landlords Crook & Kemp
Social Housing in Europe Scanlon & Whitehead
Milestones in European Housing Finance Lunde & Whitehead
Making Housing More Affordable Monk & Whitehead
Dynamics of Housing in East Asia Renaud, Kim & Cho
This critical examination of the development and implementation of planning gain is timely given recent changes to the economic and policy environment.
The book looks both at the British context as well as experience in other developed economies and takes stock of how the policy has evolved. It examines the rationale for planning gain, how it has delivered substantial funds for infrastructure and affordable housing and, in the light of this, how it might continue to play a role in the funding of these. It also draws on overseas experience, for example on impact fees and public sector land assembly. It looks at lessons from the past for future policy, both for Britain and for countries overseas.
Mechanisms to tap development value are also a global phenomenon in developed market economies - whether through formal taxation or negotiated contributions. As fiscal austerity becomes an increasingly challenging issue, planning gain has grown in importance as a potential source of funding for infrastructure and new affordable housing, with many countries keen to examine, learn from, and adapt the experience of others.
- a critical commentary of planning gain as a policy
- timely post credit crunch analysis
- addresses recent planning policy changes
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