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Points Cross

Client:

West Yorkshire Combined Authority

Study objectives:

• Complete independent Green Book appraisal of the £75 million housing scheme;
• Liaise with the applicant to resolve queries and test the development appraisal; and,
• Provide proposed conditions to limit the Authority's exposure to risk.

Ian McNichol - Senior Appraisal Manager

We commissioned Thrive Economics alongside ARCADIS to evaluate Points Cross's application to our Brownfield Housing Fund. Thank you for your support, technical knowledge and considerable good humour in the appraisal of this scheme.'

We were appointed to co-ordinate the Green Book appraisal of this major housing scheme working alongside ARCADIS, GENECON and Sanderson Weatherall. Our role was to complete the appraisal of four of the five dimensions namely strategic, commercial, financial and management and co-ordinate input from partners.

We reviewed a comprehensive suite of documents, and develop a Query Log which we issued to the applicant. We liaised with the applicant to fill gaps in information, and secure the development appraisal in a format we could analyse in detail. We drafted the appraisal report and concluded that:

• The scheme helps address a growing disparity between income and rental and purchase prices in Leeds, and reflects projected demographic trends.
• The scheme helps ensure that there is an adequate supply of quality housing across all types and tenures.

• The costs are all in line with industry benchmarks.
• The Preferred Option delivers a BCR of 5.8:1 when measured against BHF investment only - representing high value for money.

The scheme was approved by the Combined Authority and is now on site.

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