The Three Dragons Toolkit is a bespoke viability model, widely used by local authorities for plan making, development management and scheme negotiations as well as by developers testing site specific economics.
We have extensive experience of undertaking economic viability studies on behalf of our clients for both residential and non-residential development schemes. Our studies have been used to inform local plans, Supplementary Planning Documents, master plans and Community Infrastructure Levies as well as planning applications. The Toolkit and its outputs have been tested at examination and appeal.
At Three Dragons we have an established record of supporting local authorities in producing Local Plans that are economically deliverable and of providing evidence at Local Plan Examination to ensure those Plans are found to be economically sound. Where necessary we will work with councils to develop key policies by testing varying iterations, for example the level of affordable housing that can be achieved.
Recent whole plan viability studies have ranged from authorities in major cites or other urban environments to intensely rural areas. Examples include the Greater London Authorities (for The London Plan), Ashford, Colchester, Braintree, Uttlesford, Tendring, Forest Heath, New Forest (District & National Park), Dartmoor and the Isles of Scilly.
The National Planning Policy Framework (NPPF) and National Planning Practice Guidance (PPG) are the basis of Three Dragons approach to undertaking a CIL viability study and recommending an approach to our clients. Our approach is tried and tested and been subject to a number of examinations including Basingstoke, Cornwall, East Devon and Waverley.
Site specific & S106 discussions
The Three Dragons Toolkit combined with a depth understanding of the development process means we are well-placed to assess the deliverability and viability of individual sites. This includes informing discussions on s106, site capacity, mix and infrastructure requirements which helps guide policy making, funding and investment decisions.
Our comprehensive knowledge of development costs & values means we are able to appraise obligations and review viability appraisals to advise on reasonable requirements and identify whether further expertise is required, for example, on site infrastructure costs. Recent commissions cover a wide range of sites from small rural schemes to large urban extensions.