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Economic Statement

Published: 2020-02-21 Updated: 2020-10-27 Subject: Planning checklist

Planning application - local requirement

When the requirement applies

An economic statement is necessary to support all major and minor applications which propose a development which will have a direct impact on employment or the local economy:

  • New developments or changes of use which will create new employment floor space
  • Developments which propose changing the use of existing employment land or buildings

What the statement should include

If you are applying to create new employment floor space, you need to submit a report setting out the regeneration benefits of the proposed development, including the following:

  • Details of any new jobs that might be created or supported
  • The relative floor space totals for each proposed use (where known)
  • Reference to any regeneration strategies that might lie behind, or be supported by, the proposal

If you are applying to convert employment floor space to alternative uses, you need to submit a report setting out the following:

  • Evidence that the site has been marketed for potential commercial development
  • Evidence of why the site is no longer suitable for employment uses
  • Evidence of why the use of the site for employment purposes raises unacceptable environmental or traffic problems
  • A statement explaining how your proposed alternative uses offers greater benefits including social, environmental or economic benefits
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