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Northumberland pioneers land value capture on rail project

Funding

Andrew Forster
05 February 2021
Land value capture agreements have been signed with 21 landowners
Land value capture agreements have been signed with 21 landowners

 

Northumberland County Council has become the first authority in the country in modern times to reach a land value capture agreement with landowners to help fund new transport infrastructure.

Land value capture (LVC) has long been touted as a way to raise funding for transport projects. Until now, however, no one has devised a method to put it into practice.

Dr George Hazel will be speaking at Rail Stations & Property 2021: reserve your place now

In 2014 Northumberland County Council...

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