Public Land Value Capture

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Description

Commonweal:

"In a submission to the Scottish Government’s consultation on stage 1 of its Planning Bill, which closes today, Common Weal proposes that: “Public authorities should have the legal means to purchase land at existing use value, so that the uplift in land value from planning permission for development of the land is captured for the public good. The effect of this will be to reduce the cost of land for development considerably, as planning permission can increase the value of land by one-hundred fold or more.”

A similar idea was cited in The Guardian on Thursday (1 February) as being under consideration by the Labour party UK-wide, but it would be possible for the Scottish Parliament to amend the Planning Bill to introduce this now in Scotland." (https://www.commonspace.scot/articles/12281/public-land-value-capture-new-model-housing-development-scotland)

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