Comment

Identifying Pro-Growth Areas for Investment

Planning in England involves a myriad of organisations. There are over 300 local planning authorities and a new generation of Combined Authorities with planning powers all influencing the amount and location of development that is planned and permitted.

Some embrace the prospect of growth and plan positively, but the picture is far from uniform across the country.

Navigating this can be a daunting task if you are looking to find the next location to invest in, or are seeking to promote a site and want to know whether you are likely to receive a positive response.

Here to help

Turley is steeped in the markets in which we operate and regularly advises clients on the identification of “pro growth” areas. In doing this we are able to point our clients towards locations and local authorities  who welcome housing and business investment. We also regularly advise on the locations with future potential for enhanced housing and business growth.    

We have drawn together our national and local market intelligence in our Identifying Pro-Growth Locations in England report which is available to download.

In our analysis we identify two categories which highlight the leading locations in terms of jobs and housing growth. Our Big Players category covers locations that have performed consistently well over the past 10 to 15 years. Our Ones to Watch are those which have seen relatively high rates of growth in recent years.

Big Players

• Tower Hamlets, City of London, Camden, Southwark and Islington. Manchester,  City of Bristol, Southwark and Milton Keynes.

Ones to Watch

• Westminster, Cornwall, Manchester, Leeds and Hillingdon, Birmingham, Liverpool, Sheffield and East Riding of Yorkshire.

A further spur to housing growth?

Analysis of the Government’s proposed standard method for calculating housing needs at a local level, which was published in September 2017, shows that there are several local authorities that may see a significant increase in the need for homes. These locations include:

• Central Bedfordshire, Southend-on-Sea, New Forest, Trafford, Worthing, Slough and Stockport – these local authorities will see their housing need doubled as compared to figures in their adopted Local Plans, if the Government’s proposed standard method is implemented.

Get in touch

If you would like to know more about this analysis, please get in touch with Maxine Kennedy or Amy Gilham.

If you would like to speak about a specific opportunity please contact one of our Office Directors.

If you would like to speak with our Strategic Communications team with regards to political aspects of promoting development successfully please contact Nick Jones.

21 May 2018