Boosting Development Viability
Our paper, ‘Boosting Development Viability’, examines the growing crisis facing UK development. Projects that were viable only a few years ago are now struggling to proceed, with rising costs, higher interest rates and regulatory delays making many schemes financially unworkable. The paper highlights how these pressures are affecting high-density housing, regeneration and retrofit projects across the country, and explores the implications for wider government priorities such as housing delivery, decarbonisation and economic growth.
We set out clear recommendations to restore confidence and investment in the sector. These include ensuring tax and regulatory stability, speeding up the planning process and supporting innovation to improve productivity and delivery. We also call for targeted measures such as removing council tax and business rates on empty new units, reintroducing SDLT support for high-density housing and low-value sites, and avoiding further up-front developer costs.