To withstand a council’s independent viability review process

Financial Viability

Political and social support for scheme proposals to include Financial Obligations to secure a planning permission is a prime reason for shortage of new Housing.

Planning Reform will unlikely speed up the process as Borough Council Local Plans are continuing to adopt demanding expectations in Financial Contributions mostly beyond what is Financially Viable.

An applicant not demonstrating that a scheme will deliver the maximum reasonable amount of affordable housing are grounds for the planning application to be refused.

A proposed affordable housing contribution of a scheme is regularly not adequately justified. The applicant’s methodology as well as inputs within an appraisal to assess the viability of the scheme is often not in compliance with the Affordable Housing and Viability planning guidance which leads a Council to conclude that more affordable housing could be supported within the scheme.

A FVA document requires information prepared by a number of independent consultants that is relied upon. As author, our expertise and due diligence enables us to provide comprehensive assessments to withstand a Councils independent viability review process.

We ensure planning guidance in Financial Viability and Obligation Contributions is not overstepped by deciding authorities up to Permission for Development in s106 Agreements.

Our experience includes strategic schemes reviewed by the Greater London Authority.

A summary of FVA content we cover is as the list below.

FVA CONTENT

PROJECT DETAILS

VIABILITY METHODOLOGY

NATION & LOCAL PLANNING POLICY

DEVELOPMENT REVENUE

DEVELOPMENT PROGRAMME

DEVELOPMENT COSTS

SITE VALUE

DEVELOPMENT RETURN

APPRAISAL RESULTS

To withstand a council’s independent viability review process

Financial Viability

Brighton Office