UUÂãÁÄÖ±²¥

View the related practice notes about Profit on Cost

Viability in planning decision-taking—comprehensive guidance

Viability in planning decision-taking—comprehensive guidance Contents • Context • Viability in national planning policy and guidance • Local planning policy and guidance • RICS 2021 Guidance on viability • Viability assessments in practice • Decision-taking and section 106 agreements • London • Build to rent • Transparency, viability and freedom of information • Viability evidence and risk of third party challenges • Glossary Context The English and Welsh planning system is plan-led. Each local planning authority (LPA) must prepare and maintain a development plan outlining the planning policies and land use priorities within their administrative area. Development plans set out opportunities for development and the form and scale of development that will be permitted in certain locations. Development plans also invariably set out policies on the provision of planning obligations to be entered into under section 106 of the Town and Country Planning Act 1990 (TCPA 1990) (known as section 106 agreements, or planning obligations). Planning obligations mitigate the impact of development on local communities and make new...