Financial Viability Assessments (FVA’s) are central in the development process being the tool that judges the financial ability of a proposed development to fulfil Local Plan policies including provision of affordable Housing and other community services.

The assessment is carried out in the form of an independent appraisal and recommendations report to the Local Planning Authority (LPA) and is used to inform negotiations with the LPA. The appraisal takes into consideration the specifics of each site and Plan policy requirements to determine a balance between development profit and community infrastructure that facilitates development.

Vickery Holman have a long history and strong track record of finding the balance and creating viable deliverable developments. We have experience of dealing with sites ranging from small rural exception schemes to larger volume housing sites and have agreed dozens of s106 terms with different LPA’s across the region. The support provided by our Agency and Building Surveyors on values and costs, and our practical development experience provide all the necessary knowledge to deliver a high quality and reliable service. For more information on s106, please click here.

Our experience and integrity are widely acknowledged and consequently we frequently provide independent expert third party reviews on FVA’s prepared by others.

Seeking professional advice from a local expert early on in the process is important not only in ensuring a scheme is viable but will help avoid delays and untenable planning agreements that threaten the deliverability and success of projects.

Please get in touch for a free consultation.

“As chartered town planners we use Vickey Holman’s development consultancy to assist us with our some of our planning projects. Vickey Holman have supported us with a number of viability appraisals for development schemes and have an excellent understanding of the local market. They provide quick, clear, sound advice and are a pleasure to deal with.”

Bell Cornwell

Financial Viability Assessment

St Giles on the Heath

Vickery Holman has recently undertaken a Financial Viability Assessment to support a proposed planning application to develop an edge of settlement site in St Giles on the Heath in West Devon.

Following extensive negotiations with the District Valuer who were acting on behalf of the Local Planning Authority, we agreed a 50% affordable housing provision (down from 100%), enabling the development to come forward and deliver much needed affordable housing for the local community.

The s106 terms have now been agreed and the planning application approved.

Financial Viability Assessment

Goonhavern

Vickery Holman has recently undertaken a Financial Viability Assessment to support a proposed planning application to develop 12 park homes in Goonhavern in Cornwall.

Following extensive negotiations with the Local Planning Authority, we agreed a £75,000 contribution towards off-site affordable housing, reduced from £367,000, thus enabling the development to come forward.

The s106 terms have now been agreed and the planning application approved.

Financial Viability Assessment

Bradworthy

Vickery Holman has recently undertaken a Financial Viability Assessment to support an application for a Deed of Variation to a s106 attached to a planning consent for 10 dwellings in Bradworthy in West Devon.

Following extensive negotiations with the District Valuer who were acting on behalf of the Local Planning Authority, we agreed a £250,000 contribution towards off-site affordable housing, reduced from £350,000, thus enabling the development to come forward.

The Deed of Variation has now been approved.

Any questions? Call us

Our experienced team is ready to assist with unparalleled regional advice

TRURO

Tel: 01872 245600

PLYMOUTH

Tel: 01752 261811

EXETER

Tel: 01392 203010

BRISTOL

Tel: 0117 428 6555

The Team for Financial Viability Assessments

Case studies for Financial Viability Assessments

When Does Section 106 Apply? Development usually comes at a cost to the wider community within which it sits. This can be at a greater […]

Are you a landowner who thinks that your land might have development potential? We can help… As a starter we can advise you on the […]

With build costs expected to rise on average by 3.2% a year over the next 3 years (BCIS) and house price growth reportedly beginning to […]

What Is The Purpose Of Conducting A Feasibility Study? If you are a land or property owner, whether that be residential, commercial or agricultural and […]

Valuation advice provided on exclusive single new build project with build cost of £1.1 million and estimated GDV of £1.8 million. Acting on behalf of […]

Have you also considered?

Commercial agency

We can sell, let or acquire properties

Business rates consultancy

We have business rates reduction expertise

Property management

We can look after your properties for you