Hi, PAS you have helpfully guided me with the 5 year HLS calculation
before. I understood it's really as simple the total projected supply
divided by the requirement for the next 5 years (in our LP plan or
stepped trajectory in our case) plus any shortfall since the beginning
of the plan period plus the appropriate buffer multiplied by 5 years.
In our case the various elements of supply for the next 5 years are
5911/6244 (our total requirement with shortfall and buffer) x 5 = 4.7
years supply. I used exactly the same theory for calculating a 3 year
supply as requested to do so. The result was a much lower supply,
which I would have expected as a lot of our supply was due to come
forward in years 4 and 5 but my calculation has been called into
question. Does anyone one else agree with me or have any guidance
that shows how to calculate a 3 year supply.
Many thanks in advance.
Ros
Just realised this may be in the wrong section of the forum although
the query did arise in relation to Neighbourhood Plans as I understand
they should be able to identify a 3 year supply?
