Our policies, plans and strategies - HSG10 Local Plan Viability Assessment

AspinallVerdi has been appointed by Harborough District Council to provide economic viability advice in respect of the preparation of a new Local Plan. The new Local Plan will replace the existing 2011 Core Strategy, and will govern planning across the District up to 2031 .  National policy and guidance requires that the Plan be viable and hence the requirement for an Economic Viability Assessment. 

The Council has taken an approach to consider viability early in the plan-making process. This has enabled viability to be embedded in the process through-out.  Previous reports include an interim Viability Assessment of the residential alternative options within a report dated April 2016.  Stakeholder consultation was carried out on a Pre-Consultation Draft report to validate the development appraisal assumptions at a workshop event on 21st September 2016.  

The remainder of this report is structured as follows –

• Section 2 – Statutory Requirements: Sets out the statutory requirements for the Local Plan and CIL viability including the NPPF, CIL Regulations and PPG website.
• Section 3 – Local Plan Context: Sets out the details of the current adopted Local Plan, the existing evidence base, and the emerging Local Plan policies which will have a direct impact on viability.
• Section 4 – Viability Assessment Method: Describes our generic methodology for appraising the viability of development which is based on the residual approach as required by guidance and best practice.
• Section  5 – Residential: Sets out our analysis of the residential development market and typologies across the District and our appraisal assumptions and viability results.
• Section  6 – Supported Living: Sets out our analysis of the supported living residential development market and typologies and our appraisal assumptions and viability results.
• Section 7 – Conclusions and Recommendation: Draws together the results of the Viability Assessment and our conclusions and results.  See also the Executive Summary.

Local Plan Viability Assessment