Nicholas Falk, Executive Director of the URBED Trust, a not- for- profit company set up to promote research into the future of urban areas, and to disseminate best practice, spoke about applying the tools of land value capture, based mainly on research previously published by the Town & Country Planning association.vents around the country, including Cambridge and Birmingham as well as Manchester and London, enabled the impact of URBED’s work to be reviewed by some of the leading practitioners we have worked with. Themes included the reuse of old buildings, the promotion of enterprise, town centre revitalisation, and housing. The results were filmed, and form part of an ongoing project to share experience and best practice in making cities work better for all.
Applying land value capture tools
Authors:
Dr Nicholas Falk
Published in:
Urban Maestro
Date:
November 2020
Themes:
Economic growth and land management
Governance, policy, finance and community engagement
Locations:
Summary:
How can communities harness the value of land to build better places? Some cities, notably in Northern Europe, have avoided the excesses of housing price inflation, congestion and pollution, and thereby kept land costs down. They have instead invested in making active travel and public transportation more attractive than an over-dependence on private cars. This paper summarises the theory of Land Value Capture (LVC) and its role in funding local infrastructure. Further references and examples are set out in Nicholas Falk’s policy paper for the Town and Country Planning Association (TCPA) with eleven recommendations for applying best practices in the UK.
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