Gva.co.uk Short presentation title here / November 2010 Scottish Government Regeneration Discussion...

gva.co.ukShort presentation title here / November 2010

Scottish Government

Regeneration Discussion Paper

Richard Slipper, Director, Planning Development and Regeneration

Launch Event - 09 February 2011

GVA


Development Viability Basics – and the current

dilemma


Development Viability Advice


The Residual CalculationEstimated land value for a completed development:

Gross Development Value

less Build costsless Feesless Finance Costsless Profit

= Residual Amount/value


Sensitivity Test: Time delay/added costs


Falling Values: The Distress Test

Disproportionate effect


The Seizure

Funds In ……and….. Occupier Take Up


Development and Infrastructure – the

problems in the industry


First Principles: Good masterplanning/design in principle


Fair/reasonable Connections = Fair Obligations


Beyond reasonable? Test tolerances?


Development and

Infrastructure – the solutions in

partnering


The Paradigm Shift

Pay before you start

Pay as you sell

Plot Tariffing

Public/Private Sector Borrowed?


Place Selection•

Accessible•

Accessible

• Services• Services

• Will go there• Will go there

• Will build there• Will build there • ‘Total Place’• ‘Total Place’

• Will invest• Will invest

• Desirable• Desirable

• Low carbon• Low carbon


Development Funding - Key Elements


1. Blanket Area

2. Measured

3. Central

4. Negotiated

5. Innovative

4

5

2

3

1?

An Emerging Typology


Central Model


Measured Charges Model


Scottish Government – Development Delivery – Summary of Actions

Gva.co.uk Short presentation title here / November 2010 Scottish Government Regeneration Discussion...

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