Planning magazine reports that the threat of withholding New Homes Bonus from councils that fail to produce a local plan by next year is causing alarm.
The extent to which the bonus has helped deliver housing may be open to question, but the impact of payments under the scheme is not. Many authorities revceive millions of pounds a year and have come to rely on the payments to balance the books, according to Steve Ingram, the POS Junior Vice-President.
ingram believes the loss could be significant. "Authorities with budget pressures have already banked on it," he said.