The Royal Institution of Chartered Surveyors has published what it claims is the first sector guidance on what constitutes ‘financial viability’ in the context of the National Planning Policy Framework (NPPF).
This latest advice from RICS is designed to help town planners, developers and councillors deliver new, sustainably-funded communities, in places where people want to live, in line with the NPPF.
Simon Radford, RICS spokesperson, said: ‘Since the onset of the financial crisis, many planners and developers have been seriously challenged as to how best to promote growth and develop local communities in a cost-effective way.
‘We hope this guidance will help all involved in delivering sustainable developments across the country to meet community needs as well as providing an appropriate return for carrying out these developments.’
For the RICS statement see: LINK
Download the advice at: LINK
