Masterclass: preparing for Tax Increment Financing and Accelerated Development Zones

A one-day SocInvest Masterclass sponsored by DLA Piper took place on October 15th 2009, at 3 Noble Street, London EC2Y 5EZ. To register your interest in a second masterclass on this subject, email us here.

Over 30 delegates absorbed the latest information on the proposed new regeneration finance initiative, provided by by the only people who know - the architects of UK proposals for TIF and ADZs (see link on left to download biographies):

Peter Cosmetatos, director of finance and investment, British Property Federation
Howard Bassford, partners, DLA Piper
Stuart Howie, director, PwC Advisory
Richard F. Klawiter, vice-chair, Chicago Real Estate Practice Group, DLA Piper US
Sarah Whitney, executive director, CB Richard Ellis

PLUS local authorities and developers that have pioneered proposed TIF schemes and ADZs:

Colin Hunter, chief executive, Edinburgh Waterfront
Alan Gay, director of resources, Leeds City Council
Simon Murphy, city region project director, Birmingham City Region
Colin Ross, head of regeneration, Barnet Council
Matthew Taylor, finance director, Treasury Holdings UK

Several downloads - including the results of the TIF Research project, are listed on the left. Below are some images and further details of the Masterclass.


DLA Piper's Richard F. Klawiter summarises the US TIF experience	Masterclass "students" absorb the latest information

The Masterclass panel after an intense Q&A session	Delegates and faculty mix during a break



	Back to work...

A panel gathers for more Q&A	Leeds' Alan Gay, Dr Simon Murphy of Birmingham City Region and Treasury Holdings' Matt Taylor discuss their TIF submissions

Questions from the floor

Five discoveries made by delegates at this one-day SocInvest masterclass

How proposed Accelerated Development Zones and Tax Increment Financing work
Pioneering local authority plans to prepare for TIF
How to scope and evaluate suitable schemes
How to assess risk and economic benefits
What US experience has to teach the UK

A new way to fund regeneration

Are you well placed to benefit from the proposed adoption of tax increment financing, TIF, principles for infrastructure development?

Find out why it pays to prepare for action now – learn from local authorities that identified suitable schemes, as well as how they assessed the potential benefits and risks.

For the first time, leading organisations involved in shaping the UK agenda for Accelerated Development Zones (ADZs) take you through the practical details of adopting this funding approach in the UK.

Understand how ADZs (infrastructure development schemes based on US-pioneered Tax Increment Financing principles) can kickstart infrastructure and regeneration projects by borrowing against anticipated tax revenues.

Discover the latest developments, including possible outcomes from the Government’s Autumn pre-budget announcement.

Your questions answered...

The TIF and ADZ SocInvest Masterclass is the only place to hear the answers to these key questions about ADZs and TIF:

How does tax increment financing enable infrastructure funding?
What are the TIF-based funding sources?
What are the risks of TIF?
What is involved in planning for an ADZ?
What are the likely project qualifications for ADZ status?
What recommendations are being considered for the UK?
What support is there from the main political parties?
What are the prospects and possible timescales of the UK adopting this form of funding?
How do UK ADZs differ from US TIF projects and what lessons have been learnt in the US?

This was a one-day session. If you would like us to organise a second session on this subject, email us here.