Skip to main content

Planning Gain Supplement

Volume 461: debated on Tuesday 12 June 2007

To ask the Chancellor of the Exchequer pursuant to the answer to the hon. Member for Rayleigh (Mr. Francois) of 8 May 2007, Official Report, column 189W, on Planning Gain Supplement, by what criteria consideration will be given as to whether Planning Gain Supplement should be deemed to be workable and effective. (142389)

The Government stated in Budget 2006 that it would continue to assess PGS against the following objectives:

to finance additional investment in the local and strategic infrastructure necessary to support growth, while preserving incentives to develop;

to help local communities to better share the benefits of growth and manage its impacts;

to provide a fairer, more efficient and more transparent means of capturing a modest portion of land value uplift; and

to create a flexible value capture system that responds to market conditions and does not inappropriately distort decisions between different types of development.