Overview

Nick Clegg this week announced his intention to grant local authorities powers to borrow against predicted growth in their locally raised business rates.

Nabarro argues that this is a positive statement of intent from the government, which is finally ready to introduce tax increment financing to the UK.

This briefing explains how the scheme is likely to work and how it spells good news for developers, local authorities and the property and construction industries; as well as highlighting some of its likely pitfalls.

To read on, click 'View Briefing'.