Capturing land value uplift to deliver infrastructure and affordable housing in a market economy – recent experience in UK
TONY MULHALL
Following the financial crash governments increasingly have been looking for ways to recoup the costs of infrastructure and other public goods. A key policy measure has been based on the capture of land value uplift arising either from public planning decisions or from the actual provision of infrastructure. Based on recent UK experience the paper addresses a number of the issues surrounding what is understood as ‘betterment’. It emphasises the importance of having effective land value capture measures to deliver the New Urban Agenda but also advises on potential pitfalls. Three measures adopted over the last ten years are reviewed with the conclusion that the current regime is overly complex and not achieving its policy objectives.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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