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February 22, 2012

Free talks on CLAs and TIFs

PLRG is pleased to announce the first two in a new series of free talks, on Wednesday evenings in Central London, on aspects of Land Value Capture.

On 11th April, Dr Tim Leunig of LSE (Chief Economist at thinktank CentreForum) will speak about Community Land Auctions. CLAs are a Lib Dem contribution to the Coalition Government programme, not in the Coalition Agreement but announced in last year's Budget by Chancellor George Osborne.

Dr Leunig is perhaps the most well-versed economist on the subject anywhere - since the policy has not been implemented in another country. He has written two papers on CLAs for CentreForum (the latest in November last year) and gained support from the current Education Secretary (then Local Government Spokesman for the Conservative Opposition) Michael Gove. Both Coalition Parties are somewhat divided on the merits of CLAs: Lib Dems who favour Land Value Taxation are sceptical that they don't capture enough land value uplift, while one Tory Cabinet Minister has called them "almost Communist"!

The second talk, on April 18th, will be by Nick Maltby (Partner Bircham Dyson Bell) on Tax Increment Financing (TIF). TIF funded infrastructure projects have a long lineage in North America and were legislated for under Labour shortly before the 2010 election in UK. The Scottish Government already uses TIFs and the Coalition has carried on developing the idea as part of its Local Growth Initiative, led by Dr Vince Cable's Department of Business, Innovation and Skills (BIS). In outline, a TIF uses future anticipated land value uplift to underwrite the cost of the project that will create that uplift. Maltby's firm specialises in infrastructure project delivery.

These talks are held in conjunction with those of the OMEGA Centre at Bartlett School of Planning, University College London: OMEGA Seminars are during termtime; PRLG's in UCL's holiday breaks.

Anyone interested in attending PLRG talks should contact Dr Tony Vickers, Hon Sec of PLRG - not UCL.

Details of the venue will be announced shortly: it isexpected talks will all start at 6pm and adjourn to a nearby pub around 7.30 for a light meal and continued discussion.

Future talks will expand on the Coalition Government's steps towards land value capture (LVC): Community Infrastructure Levy (CIL) and New Homes Bonus. Anyone wishing to speak on these (or other subjects relating to LVC) should contact PLRG.


Posted by Tony Vickers at February 22, 2012 4:35 PM | TrackBack

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