Friday, March 25, 2011
Councils want a slice of that pie.
The Chancellor has announced plans to trial â€˜community land auctionsâ€™ whereby more plots could be made available for new homes. Local councils are being invited to join the 12-month pilot, which will initially involve only land owned by the public sector. If successful, it would then be rolled out. Under the scheme, local authorities would be able to ask landowners to submit sealed â€˜bidsâ€™ giving the price at which they would be prepared to sell their land. The local council would then have the right to buy the land at that price for a specified period, grant planning permission and auction it off to developers.