Land Value Capture

Crëwyd Gan:  thumbnail Thomas Newton
Diweddarwyd ddiwethaf: 14 Mai 2020
Research

Published in February 2017, Department for Transport’s ‘Land Value Capture’ investigates ways in which the Government could work together with the Mayor of London and TfL to improve the ability to capture land value uplift to fund transport investments in the Capital. The Report provides a set of 10 recommendations, including the recommendation of a new land value capture charge, such as a transport premium charge, to be explored further. ‘Land value capture’ refers to the set of mechanisms used to monetise increases in land values that arise in the catchment areas of public infrastructure projects. The focus in this study is on transport projects. The Report refers to the area over which such land value effects occur as the ‘zone of influence’ of the relevant project.

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Land Value Capture.docx

Category: Economics Spatial Planning Transport