123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

How Uk Land Is Rezoned

By Author: Chris Westerman
Total Articles: 133

More than ever, rezoning is a key consideration in UK land investing.


New zoning laws in the UK have ushered in a different set of land use planning rules. Now land investors work with local authorities to address community concerns.


The Localism Act 2011 brought a significant change to how land is rezoned in the U.K. Essentially, town and country planning throughout the U.K. is now under the control of 421 separate Local Planning Authorities (LPAs), a stark change from the regional authorities that formerly held this responsibility under the Town and Country Planning Act 1990.


Localizing authority has an impact on UK land investment dynamics. LPAs are organized at the borough, district council or unitary authority, where decisions about land use and building are considered along with other community interests and with input from local citizens. Given the general growth of the population in England and Wales (about seven percent over the decade preceding 2011), a need for housing makes this a pressing issue. Rezoning is sometimes necessary to enable developers and investors to build where housing needs are most critical.


The criteria that LPAs follow include:


• Follow a general scheme – Before any requests for zoning changes are made, the local authorities must develop a general plan for land use, growth and use designation changes.


• Submit information about plan revisions (rezoning) to public scrutiny – Regardless of whether an appeal to change a particular tract’s zoning comes from private parties or agencies in the public sector, those changes must be published for general public review and criticism.


• Assess environmental impacts – In particular, the requirements of the Environmental Impact Assessment and Habitats Directives must be met, particularly with regard to the suitability of the land for infrastructure projects, such as how new roads, sewers and utilities would affect watershed, protected species and so forth.


• Consider the social and economic impact of zoning changes – In the bill, the Community Right to Challenge (Chapter 3) provides that the LPA is required to consider social and economic impacts of any zoning alterations.


These considerations are important to investors interested in how the value of land can change with rezoning. Professional land investment companies understand the zoning process and will study the local economic conditions and LPA receptivity to land use designation changes. To the individual investor, it is important to consult a personal financial advisor, who can assist study where investments in UK land investment such as land factor into overall wealth management.

Total Views: 127Word Count: 408See All articles From Author

Investing / Finance Articles

1. How Benchmarking In A Business Helps In Reducing Labour Hire Costs
Author: Dylan Munro

2. India Inc May Need To Change Rating Agencies Every 3 Years
Author: Suraj Pratap Malik

3. Bitcoin Workshop | Bitcoin Seminar | How To Buy Bitcoins
Author: AB Web Technologies

4. Online Financing - The Modern Way Of Investment
Author: wealthcarreindia

5. Selling Assets Versus Sme Loans: Which Is The Better Option?
Author: Manish Damani

6. Equity Research Report
Author: Chetan Rathod

7. Personal Loan Calculators Explained
Author: Arwind Sharma

8. Importance Of Having A Bank Account In The Digital World Today
Author: Sushant Singh

9. Step By Step Guide To Gst Registration Of Your Business
Author: Amol Kale

10. Forex Trading Techniques And Strategies For Beginners In Forex Market
Author: Sophia Mason

11. Are Tax Accountants The Most Important Hires For Your Small Business?
Author: John Panayis

12. Personal Loans - All You Wanted To Know
Author: bookmypersonalloan

13. How To Ensure Your Internet Banking Is As Safe As Traditional Banking?
Author: Neha Sharma

14. How Can A Bank App Help You Safely Execute Your Financial Transactions?
Author: Neha Sharma

15. Virtual Banking: Evolution Of Traditional Banking And How You Can Benefit From It
Author: Neha Sharma

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: