Garden City & Large Sites Financial Model
Understanding the viability of development is an important requirement of the planning system. It is critical to the overall assessment of the deliverability of plans and planning policies. This is particularly important in relation to growth areas and the largest and most strategic sites such as new urban extensions, new communities and garden cities/villages.
The Garden City & Large Sites (GCLS) Model is high level financial model that can enable viability testing of long term, large scale sites (and in particular Garden City proposals) at an early stage in the planning process. It is an open source model capable of being used by relative non-professionals and without the requirement for specialist software. It is designed for use on large scale schemes with a development period of up to forty years.
The GCLS Model has been created primarily to enable early awareness raising on viability implications of strategic options. It can help support an informed dialogue between Local Authorities, scheme promoters and potentially Central Government at an early stage in decision making. A key aspect of the model is that it is ‘open’ in the sense that all parties can see all data and computations.
It provides a free to use and adaptable tool to test and consider options for sharing added value between landowner, developer, funders and community, including timing of payments. It can help partners to explore partnership opportunities and test multiple scenarios through changing key assumptions.
Click here to download a copy of the User Guide which explains the model and it’s functionality. The model is free to access and use, just contact us and we will send you the latest version.