Social value is rising up the agenda within the planning system. Indeed, some local authorities are introducing policies that require an appraisal of social value as part of the planning application process; it is also increasingly referenced by local authorities in their deliberations over schemes.
For developers, social value must go beyond considerations of public benefit versus development impact. Indeed, developers are increasingly progressing impressive ESG initiatives that support communities local to their developments. However, with policy requirements still unclear, effectively communicating these initiatives through a social value appraisal can be challenging. So, how can developers and planners best approach social value to demonstrate development as a force for good?
Together with London First, Gerald Eve recently hosted a roundtable on the subject of social value with several key themes emerging during a very interesting debate, prompting the drafting of this Briefing Note on planning for social value.
For further information on how we are working with developers, investors, local authorities and industry bodies to get social value right, speak to one of our team.