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The Purposeful Finance Commission (PFC) which aims to address the barriers that communities across the country are facing in regenerating local areas, and in accessing long-term investment to support this has issued its second report Places and Purpose.
The PFC is an independent organisation chaired by our CEO, Tracy Blackwell. The report sets out a series of practical policy recommendations to help local areas attract more long-term private capital for regeneration projects.
One of the key issues we found last year, also identified by the CMA in their report on housebuilding this week, is the lack of capacity among local authority planning departments which is leading to a rise in the backlog of applications. Official figures show that only 21 per cent of major planning applications were processed in the statutory 13-week deadline over the past year, down from 57 per cent ten years ago.
