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LGA responds to Land Value Capture report
Cllr Martin Tett, the Local Government Association’s Housing spokesman, responded to a report on Land Value Capture published by the Housing, Communities and Local Government Committee
“We have long–called for reforms to land compensation and compulsory purchase laws and are pleased that the Committee has called for the Government to implement several of our recommendations.
“Rising land prices is one of the most influential contributors to our housing crisis - it means less homes are built, they are less affordable, they are built more slowly, there can be compromises on quality, and there is not enough funding left over for vital local infrastructure and services that communities need to back development.
“There are therefore huge gains for communities, economies and public services in allowing councils being able to capture potentially billions of pounds worth of land value increases to invest in the very infrastructure and services that generate those increasing values.
“We are also pleased the Committee recommends that government provides extra support to councils, through the LGA, to help give local authorities a strong hand in negotiations with developers. “Government action on these recommendations would have a significant impact in building more homes with the right infrastructures and places that people want to live and work.”
View report: Land Value Capture
