Government launches another infra bill

18 October 2012 The government has published its Growth and Infrastructure Bill, in the same week as its UK Guarantees legislation is passed in the House of Commons.
Its latest bill allows renegotiation of “economically unrealistic” Section 106 agreements, where developers are required to either make a financial contribution to the community or provide affordable or social housing as part of planning permission for new housing.

It is hoped this move will kickstart stalled housing projects and ministers claim the move could see 75,000 new homes delivered.

The bill will also focus on reforming the planning rules to encourage greater development in economic infrastructure – particularly in the energy sector.

“We are slashing unnecessary bureaucracy, giving business the confidence to invest, unlocking big infrastructure projects and supporting hardworking people to realise their dreams,” said Prime Minister David Cameron.

This page was last updated on:
1 March 2015.

thumb

Busy times

Three deals reaching financial close in two days would have been remarkable in the boom times. But what does it say about today’s market?

thumb

In the Money

Anne-Christine Champion, head of global infrastructure & projects at French bank Natixis, discusses opportunities for the year ahead

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...