Resource Review gets thumbs up from BPF

Published:  23 March, 2011

UK: The British Property Federation (BPF) has welcomed details of the Local Government Resource Review which proposes to give "local authorities greater financial autonomy" and strengthens "the incentives to support growth in the private sector and regeneration of local economies."

Eric Pickles, Secretary of State for the Department of Communities and Local Government, said that the "current dependency of councils on central grant allocations makes planning difficult, weakens accountability, and stifles local innovation."

 

Liz Peace, chief executive of the British Property Federation, said: "Today's announcement is a good start, but there is much further to go.

"If the government is serious about the private sector leading the UK's economy out of recession then local authorities need to be incentivised to support growth and development. Mechanisms like the ability for local authorities to retain business rates could be a powerful tool in the Government's growth agenda.

"We also look forward to hearing the review's consideration of how tax increment financing can be delivered, which could be crucial in unlocking many stalled developments."

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Michael Barnett
A Bright future predicted for housing construction

One of the major talking points in the wake of the Brexit decision has been around the country’s current housing shortage with a YouGov poll from this year revealing that first time house buyers are now 38-years-old, on average.

Events Diary