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Published byWilfrid Rogers Modified over 8 years ago
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Taxing hazardous waste soil
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Corporation Tax Relief Knotweed Dereliction Corporation Tax Relief for Contamination Waste Disposal from Remediation
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Example – Costs 2008-2011 10,000 m 3 of hazardous waste Landfill 2008 2011 Soil Washing Ex-Situ Bioremediation £ 406,000 £ 443,0009% £ 707,000 £ 811,00015% £ 774,000 £ 1,517,00096% Increase
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Options Appraisal On Site Off Site Soil Hospitals Cluster Landfill In-Situ Tax Driven Opportunities TAX INEFFICIENT TAX EFFICIENT Ex-Situ BROWNFIELDS DIS-INCENTIVE BIG TECHNOLOGY INCENTIVE
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Sustainability Drivers Low Carbon/Waste Technologies Low Intervention Approaches
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Soil Framework Directive Portuguese Text – proscriptive – ‘what’ and ‘how’ French Text – non-proscriptive Czech Text – ‘what’ but not ‘how’ Swedes Spanish
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Code of Practice
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Remediation in a Brownfield Finance Context The ABC Model :
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£ Full Greenfield Value + Abnormals Remediation Foundations Other £ Bid - Build Costs Brownfield Finance
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£ Foundations Other £ Bid - Build Costs Remediation Zero Carbon Affordable Housing Brownfield Finance Full Greenfield Value +
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£ - Costs Brownfield Finance Full Greenfield Value + £ Bid Private Projects Market decides
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£ £ Value - Costs Brownfield Finance Public Private Partnership Create Value Reduce Costs Full Greenfield Value +
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£ £ Value - Costs Brownfield Finance Public Intervention Long Term Derelict Land Full Greenfield Value +
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£ - Costs Viability Squeeze Full Greenfield Value + £Non Viable £ Viable Regulatory Burden
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Conclusions
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Worst housing slowdown in a generation Brownfield remediation sector shared the pain Capital expenditure on land and site preparation deferred
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Conclusions Economic outlook improving Land buying activity is recommencing Brownfield remediation sector leaner and fitter Financial and regulatory drivers supporting the brownfield remediation sector
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The outlook for brownfield remediation is positive, although likely to remain tough for 12- 18 months Still some serious challenges to address: > Depressed Land prices > Brownfield viability > Regulatory burdens Conclusions
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…thank you
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