Pressure on chancellor Alistair Darling to introduce US-style regeneration funding schemes intensified this week, when four major town halls called for the roll-out of tax increment financing (TIF).
Birmingham, Manchester, Liverpool and Newcastle city councils all support Whitehall’s embryonic exploration of TIF-style funding regimes.
The councils have added their voices to those calling for new local government powers over regeneration schemes amid fears that the property downturn – and declining town hall revenues – could stymie city-centre development beyond the recession.
John Shipley, leader of Newcastle City Council, said he was ‘pushing the Government to agree’ to TIF regimes.
Protecting the public realm without shutting it down
As Martyn's Law approaches, this free special report from LocalGov and Hill & Smith sets out how councils can protect public spaces without shutting them down.
