The government's Penfold Review has spawned new measures which will reduce the amount of red tape that commercial development firms must negotiate.
The government has announced new measures which it hopes will cut some of the red tape which binds the construction sector.
The Penfold Review was established in order to find out what particular restrictions prevent firms from investing in
commercial development projects and other ventures.
Environment permits, highways orders and heritage consents were some of the things considered in the wider review of the planning application system.
Recommendations to come from the study include removing some of the consents in the planning process to make it simpler for
property investment firms to get a decision.
It also recommends improving co-ordination between planning consents in order to create an environment of greater certainty for commercial development companies.
"Businesses involved in construction and development should not have to deal with a regime made more complicated through needless red tape and procedure," said minister for business Mark Prisk.
Commercial development firms will have also been heartened by recent claims from the head of British Land Chris Grigg, who suggested that
commercial mortgage lenders are returning to the market.
Posted by Tess Nelson.
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