Making Localism Deliver

    View Authors November 2009

    The British Property Federation (BPF), along with many of the UK's largest property firms, is cautiously positive about the Conservative party's plans to give local authorities greater decision making powers and other plans by the Conservatives to boost localism. The plans include making bonus payments to local authorities for newly built homes and commercial property in their areas. The bonus payments, which would be made by Central Government, would match council tax and business rates collected from new developments for six years. There will be no requirement for the authorities to reserve the bonus payments for any specific purpose and the funds will not be ring-fenced.