Briefing: The case for enabling acquiring authorities to purchase land for strategic development under a special CPO compensation code
Financing the infrastructure and new homes of the future: the case for enabling acquiring authorities to purchase land for strategic development under a special CPO compensation code
This briefing proposes a special CPO compensation code to release land into strategic developments at lower values. This would unlock a funding stream of £8.6 billion a year, enhancing the viability of residential developments so that the UK can build the affordable, high-quality homes we need. The measure would also give acquiring authorities a powerful new tool to incentivise public and private landowners to co-operate with plans to build infrastructure and new homes, simplifying the CPO process and speeding up the pace of development.