The main Viability Assessment Report was prepared by development viability consultancy Dixon Searle Partnership (DSP) over the period 2015/16 and covers the viability of the Local Plan policies, a Community Infrastructure Levy and an Affordable Housing viability update. This is a high-level study intended to provide the appropriate available evidence required by the national requirements, regulations and guidance.
Viability means the financial health of development and the seeking to ensure an appropriate balance between securing planning obligations for matters such as affordable housing, infrastructure (education, health, transport etc.,) and ensuring that developments necessary to provide new housing, jobs and facilities continue to come forward as a result of the policies in the emerging Local Plan and proposed Community Infrastructure Levy rates.
The Affordable Housing Viability Assessment (2010 and 2012) is also updated in this report, which found that the 35 per cent policy figure would continue to be supported.
The appendices include an assumptions overview, residential and commercial results, market values and assumptions, and a glossary.
Viability Assessment Report and appendices.