14 COMMENT ‘redline’-type application.


This new development has followed directly from the call by the Federation of Master Builders (FMB) for a return to the principles of the redline application for outline permission. Indeed discussions over what has become PiP started as far back as 2015, after the Government signalled its willingness to look at a ‘redline-type’ appli- cation. The FMB and others in the industry were involved in early stage discussions as to how this could work. What we have now differs somewhat from the idea originally discussed, a result of having been adapted to fit a number of other purposes, including the Brownfield Register. However, it still largely accords with the key principle of reducing risk for smaller scale developers.


THERE IS EVEN A HOPE THAT OVER TIME, IF PIP IS SHOWN TO PROVIDE ENOUGH CERTAINTY, THEN LENDERS MAY BE WILLING TO LEND TO DEVELOPERS ON THE BASIS OF IT


There is even hope that over time, if PiP is shown to provide enough certainty, then lenders may be willing to lend on the basis of PiP, allowing the applicant to invest in the more costly Technical Details stage. Local authorities, not unexpectedly, have not been universally positive about the new application route, which is one reason why you might not yet have heard of it. In


addition, there are bound to be some teething problems and its success will always be dependent to some extent on its being implemented roughly as intended. We will monitor this closely. However, we still believe that this new permission in principle route, as set out, will prove to be significant advantage to the industry going forward.


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