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Financial viability in planning
Posted on: 17 August 2012
By: mackene
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Filed under: News
Since the adoption of the government’s National Planning Policy Framework (NPPF), developers and local authorities are increasingly required to demonstrate that developments are both financially viable and meet the needs of the local community. However, until now, no universally accepted definition of ‘financial viability’ has existed, meaning that many badly needed projects may have been severely delayed or even discontinued. This latest guidance from RICS provides an objective and transparent definition as to what is meant by ‘financial viability’ in a planning context and will help town planners, developers and councillors deliver new, sustainably funded communities, in places where people want to live, in line with the NPPF.
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