Sadiq's "Poor Doors" Bung! a Westferry Printers/ Friary Park Saucy Comparison

realrld

To unravel the hysterics lets just go back to basics.
Planning consents for developments over 100 square meters attract Community Infrastructure levy’s , Tower hamlets had released a revised charging rate up from 2015’s £200 per sqm to £280 per sq m, the charge is not a new thing and the potential increase is also effected by planning guidance on application of the charges weighed against the Affordable housing and other social and commercial benefits any particular Scheme offers to the community in which it is proposed.

3.9 In the context of achieving sustainable development the NPPF refers to ensuring viability

and deliverability and states:

“To ensure viability, the costs of any requirement likely to be applied to development,

such as requirements for affordable housing, standards, infrastructure contributions or

other requirements should, when taking into account of the normal cost of development

and mitigation, provide competitive returns to a willing land owner and willing developer

to enable the development to be deliverable”.

© copyright reserved 2018 Gerald Eve LLP Page 72

Appendix 11 – Affordable housing statement

Former Westferry Printworks, London E14

Affordable Housing Statement

https://drive.google.com/file/d/123EW7vazvWZx7BPLun4WHqCfWo0mveK7/view?usp=sharing

Prepared by

DS2 LLP

On behalf of

Northern & Shell Investments No. 2 Ltd

August 2015

AFFORDABLE HOUSING STATEMENT

Westferry Printworks, London E14

24

7 Approach to Financial Viability

7.1 In accordance with planning policy the amount of affordable housing that can be supported

by the proposals will be determined by scheme viability. A Financial Viability Assessment

(FVA) will be submitted by DS2 and made available for the council’s independent

reviewer, however due to the highly commercially sensitive nature of its content it is to be

provided on a strictly private and confidential basis.

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