BPF publishes blog post on Housing Committee's Land Value Capture report recommendations
The British Property Federation (BPF) has published a blog post as part of its Spotlight Series, analysing the Housing, Communities and Local Government Committee's recent report on Land Value Capture. The post discusses the committee's recommendations for reforming existing Land Value Capture mechanisms, which primarily operate through section 106 agreements and the Community Infrastructure Levy (CIL) in England. The BPF supports several of the committee's recommendations, including greater standardisation of s 106 agreements, increased CIL transparency, the immediate publication of the Long-Term Housing Strategy, access to funded Level 7 planning apprenticeships and confirmation of initial New Towns funding in the upcoming Autumn Budget 2025. However, the BPF expresses concerns regarding recommendations to mandate specific levels of social rent and affordable housing provision in New Towns, citing potential pressures on development viability, and also questions the effectiveness of the proposed dispute resolution scheme. The government is expected to respond to the committee's report within two months.