Localism Bill To Bring Commercial Property Industry And Communities Together

Posted on 4 June, 2011 by MOVEHUT

The commercial property industry and local communities haven’t always seen eye-to-eye on development opportunities. Neither have they been hand-in-hand.

This may be about to change due to a published report, produced by the Land and Society Commission, urging the hands of the commercial property industry to join those belonging to local communities in grasping power, via the Localism Bill.

Introduced to Parliament in late 2010, the Bill has decentralisation at its heart. According to the government, it aims to devolve some commercial property decision-making ‘from central government back into the hands of individuals, communities and councils.’

The Commission, set up by the Royal Institution of Chartered Surveyors (RICS), comprises 14 members representing views and expertise across private, public and voluntary sectors. A new relationship is called for, promoting collaboration and flexibility between commercial property professionals and communities. Aiming to dispel conceptions that local community involvement can hinder private sector development, local bodies lacking ‘experience, capacity and structure’ are urged to consult developers who can fill gaps in knowledge.

Included are examples of communities being consulted prior to starting new developments, leading to projects built to a higher specification, with greater sustainability.

Twenty-four recommendations are included: spanning community investment; neighbourhood planning; community housing; community asset acquisition and management; valuation; capacity building; and the role of the residential and commercial property professions.

Within these, an assessment of local capabilities, resources and desire is stated as vital to effect the changes and utilise the Localism Bill’s possibilities. Other ideas are that local authority planning officers move into local communities rather than be based in town halls, which should lead to better informed decision-making in commercial property planning proposals.

If the recommendations are acted on, the planning and construction process can be accelerated, risk reduced, and value added to property suggested Trevor Beattie, Chair of the Land and Society Commission.

 



Related Posts


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants