Abstract
This paper explores the potential of ‘Land Value Capture’ in addressing the shortfall in funding to address the biodiversity crisis through a series of interviews with Local Planning Authority officers in England. It finds heterogeneity in their responses to financial austerity and imperatives to deliver development, which heavily influences developer contribution (DC) practice. The response to these pressures differed depending upon localised planning culture and its interrelation with behavioural biases, which defined the scope of officer agency to influence developer contribution outcomes. Most LPAs placed a strong emphasis upon securing real estate investment to drive economic growth and to provide opportunities to secure DC to address socio-economic issues, with the status quo bias contributing towards inertia in policy and practice change. Elsewhere, there was a greater emphasis placed upon reconciling the need to deliver development with the preservation of environmental amenity, enabling officers to carefully frame practice changes, to successfully secure funding for ecological mitigation programs. The paper illustrates the cultural and behavioural challenges in implementing DC policy change to support funding these priorities, whilst this may be overcome by legislative changes, integrating these may be compromised by resource limitations whilst also affecting the existing delivery of public goods.
Highlights
Land value capture ( LVC) is an increasingly utilised mechanism to finance a variety of infrastructure and public goods acrossLocal Economy 0(0)the world (Muñoz Gielen and van der Krabben, 2019)
It was evident that the heterogeneity in planning culture meant that they took contrasting approaches when balancing competing strategic objectives, with developer contribution (DC) practice being an important part of these strategies
LPAs responded to these pressures differently, which could be observed through their approach to developer contributions, this paper argues that these differences can be attributed to their local planning culture
Summary
Land value capture ( LVC) is an increasingly utilised mechanism to finance a variety of infrastructure and public goods acrossLocal Economy 0(0)the world (Muñoz Gielen and van der Krabben, 2019). Land value capture ( LVC) is an increasingly utilised mechanism to finance a variety of infrastructure and public goods across. The protection and restoration of natural habitats as well as the integration of naturebased solutions within urbanised areas are both critical in addressing this crisis (Aronson et al, 2017). These programs often suffer from underfunding (Kabisch et al, 2016), even in light of increasingly stark warnings over the impacts of biodiversity loss upon ecosystem service provisioning (Dıaz et al, 2019; Mace et al, 2012). In the UK recent estimates suggest that an investment of £2.2bn is required annually to meet current environmental land management priorities, with a current shortfall of £1.86bn (Rayment, 2017)
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Local Economy: The Journal of the Local Economy Policy Unit
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
