The Greater London Authority (‘GLA’) issued a Practice Note on ‘Accelerating Housing Delivery’ on 19th December 2024.
The Practice Note’s objective is to support housing delivery, particularly the delivery of affordable housing, in the short-term (circa 3 years) considering the notable barriers to housing delivery in the capital in recent years. The GLA consider this Practice Note as just one of several measures it intends to employ to accelerate housing delivery in London. The Practice Note focuses on adding flexibility to some measures to encourage developers to follow the Fast Track Route. The GLA viability team have also stated they intend to publish revised London Plan Viability Guidance (following consultation in 2023) shortly, which will build on the Practice Note and more specifically guide the viability testing process.
Download the briefing note for more information.
Please do not hesitate to get in touch with one of our experts to discuss the GLA Practice Note further or if you would like guidance on how to we can support the delivery of your scheme, including calculating an affordable equivalent position.
