Challenges and emerging practices in development value capture

The planning system in the UK has a long tradition of development value capture in the form of planning obligations, also called planning gain. Current challenges to planning gain derive from the interplay between fiscal and planning policy and the practices of the property industry in an intensified urban entrepreneurialism context. This chapter examines how this affects securing affordable housing, particularly in the context of inner-city redevelopment and a growing build-to-rent market, and more generally, how these practices are linked to permitted development rights and policies around development viability, Community Infrastructure Levy, public realm credits, local planning authorities’ budget cuts and planning performance agreements.