Joint Venture Schemes
The public/private JV model is a complex one, and a relatively new one, within the planning sphere. Given the squeeze on local government funding and housing demands in the market, it is almost certain that the industry will see more of these joint venture arrangements. The planning team at Asserson understand the challenges and are well placed to deliver on these schemes.
In fact we are already advising on two linked applications which will provide approximately 200 new residential units, new Council offices, and a 650-space town centre car park across two sites. The project brings together a private sector developer and a Midlands based local authority, with a variety of challenges to overcome including OJEU’s design, potential for EIA, flood risk assessment, daylight/sunlight impact, affordable housing provision and the impact on heritage assets. Another key element includes the comprehensive public benefits package that will be secured in a section 106 agreement.
At Asserson we make sure that we truly understand our clients, and with two parties involved in the relationship, the insight and sensitivity which we apply consistently becomes paramount. We ensure that we appreciate the frameworks and goals for each JV partner, and help to ensure that the partnership delivers for all sides, including scheme beneficiaries.