The British Property Federation (BPF) has called on the Government to do more to fund retail and mixed-use schemes facing difficulties.
Some of the money set aside for multibillion-pound public programmes should be used to support privately funded regeneration projects including urban shopping centres, the BPF said.
The guidelines are part of the BPF’s Regeneration Manifesto.
One of the suggestions is for Tax Increment Financing (TIF) to be used more widely, echoing similar calls from the British Council of Shopping Centres. TIFs are a means of funding projects while also offering protection for developers against future property tax increases.
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