Keywords
Citation
(2009), "BFI regeneration manifesto", Structural Survey, Vol. 27 No. 5. https://doi.org/10.1108/ss.2009.11027eab.015
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited
BFI regeneration manifesto
Article Type: Newsbriefs From: Structural Survey, Volume 27, Issue 5
Keywords: Incentives, Regeneration, Tax
The British Property Foundation (BPF) has set out five policy areas which need reform to boost regeneration. Retailers and councils are backing moves by the BPF to kick-start regeneration projects by paying for development with future tax revenue. Using money from local government issued bonds which are underwritten by central government (against future revenue from business rates) was pioneered across the USA and is called tax increment financing. Now big city councils and large retailers are getting behind the property industry’s proposals to bring the scheme to England. As property developers wake up to a prolonged hangover of no debt and no development, the British Property Federation’s Regeneration Manifesto sets out five measures to get Britain building. The BPF wants to see better use made of public building schemes such as school building. Developers want the public sector to be more innovative in how they spend cash and also in how they use their land.