David Cox

Tax Increment Financing has attracted a lot of comment and debate in recent months.  TIF is, of course, one of a number of tools which the coalition government proposes to make available to assist local authorities with regeneration.  TIF schemes enable authorities to borrow to fund infrastructure to kick-start new development, with the consequential increase in business rates being used to repay the bonds.  It therefore provides a degree of ‘additionality’ created by extra development and (less immediately and directly) by increased property values. Read more...