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We responded to a UK Government consultation on the introduction of a new UK based fund vehicle, known as the Reserved Investor Fund – this is one of the workstreams coming out of the Government’s review of the funds industry.
Our response to the UK Government's consultation on a potential Infrastructure Levy. We note our fundamental concerns with the design of the new proposed levy and highlight that it could result in a more complicated system of developer contributions which will likely slow down the development process and undermine the delivery of associated infrastructure.
Our response to Department for Levelling Up, Housing and Communities' consultation on Environmental Outcomes Reports.
Setting out our view on protecting tax revenues and supporting compliance within the construction sector.
Our response sets out our members' views on the suite of changes to the existing permitted development rights regime proposed in a consultation from the Department for Levelling Up, Housing and Communities (DLUHC). We argue that the piecemeal approach to reform will likely negatively impact our town centres and make it harder to bring forward larger schemes and more cohesive forms of development.
Our response supports the Government’s ambition to speed up plan-making but notes it will be important that local authorities get the resources they need if this is going to be achieved in practice. We also argue that an effective system of incentives needs to be built into the new system and that ambitions to speed up plan-making would be more achievable if we had a strategic planning tier.
The BPF's response to the Government’s consultation on capping ground rents as part of the Leasehold and Freehold Reform Bill.
We submitted a brief response to broadly welcome the guidance for the new anti-greenwashing rules. It is important for investors to have the ability to make informed decisions and firms should have evidence to back up their sustainability related claims. However, we also noted that it should be reasonable for companies to use widely accepted assessments and certifications as proof of ESG claims – and we would welcome more real estate specific examples in the guidance.
We welcomed this initiative to boost transparency of land and property ownership through trusts. We stressed the importance of ensuring that the administration and compliance requirements were streamlined and efficient for investors (especially widely held funds); that agencies registering the information had sufficient resources; and that enforcement agencies have sufficient powers to ensure widespread compliance.
Our response to the Basel Committee on Banking Supervision's (BCBS) on proposed new climate related disclosures for banks we expressed concern that the proposed disclosures could incentivise bank lenders to divest their exposures to 'brown' buildings rather than support their borrowers in decarbonising those buildings. We recommended disclosures instead focus on the extent to which borrowers had plans to decarbonise their properties.
The BPF's response to the Department for Levelling Up, Housing and Communities' consultation on strengthening planning policy for brownfield development.
The BPF response to the DLUHC consultation on introducing a competence and conduct standard into the social housing sector.
