Nick Clegg announces Tax Increment Financing

Nick Clegg today used his keynote Conference speech to declare that the Government would be introducing new powers for local authorities that would allow them to borrow against projected future income streams. In other words, Tax Increment Financing as used in the US, and Accelerated Development Zones in a UK context. This is a potentially … [Read more...]

Accelerated Development Zones for London?

I was in Enfield earlier this week talking about the impact that spending cuts were having on local regeneration and economic development projects, and it is clear that with critical central government grants being cut back - from LABGI to Growth Point monies - greater local revenue raising powers are going to be needed to fill the gap and deliver … [Read more...]