Site-Specific Viability Assessment Format and Content

A site-specific viability assessment undertaken to support a planning application should be based on the following factors: • Assessments should be supported by appropriate available evidence, informed by engagement with developers, landowners, infrastructure and affordable housing providers. They should: o Provide a full open book appraisal, based on the residual valuation model; o Include all relevant costs (for example site holding costs, third party interests etc.); o Clarify the date on which the assessment was undertaken; and o Include sensitivity testing. • Assessments should be proportionate, simple and transparent, providing an Executive Summary for publication; • The actual price paid for land will not normally be a relevant justification for failing to accord with the relevant policies in the LDP; and • Review mechanisms should be incorporated to strengthen the Council's ability to seek compliance with relevant policies over the lifetime of proposed developments, and to optimise public benefits through economic cycles.