Financial Viability Assessments (FVA)

Financial Viability Assessments (FVA)

What we provide

We provide developers and local authority with an accurate understanding of the viability of their scheme, by providing them with a detailed breakdown of their financial obligations at planning.

Key Contact


Chartered Surveyor
RICS Registered Valuer

07939 939301


What is a Financial Viability Assessment (FVA)

A FVA is a supporting document for a planning application that provides a result and commentary for the level of planning obligation that a development scheme is able to reasonably support.

It is taken into consideration by the local planning authority to determine the amount of affordable housing contribution proposed for a development. The process is fundamentally done by using a Residual Land Value (RLV) methodology. In summary, this approach subtracts the associated costs with a development from the projected value of the scheme to arrive at the land value.

The RLV is then compared to the Benchmark Land Value (BLV) to determine whether a development scheme is ’financially viable’ or not.


When is a FVA needed?

Reflecting upon the given local authority’s planning policy and requirements, the applicant may need to provide a certain level of affordable housing.

The FVA will then be used to determine whether the applicant is able to provide the full amount of affordable housing requirement or not.

The FVA can also be used by the developer at pre-application stage to obtain an understanding of the proposed scheme’s finances. This in turn will provide insight into the most effective design to maximise profitability


How Blackacre Surveyors can assist

If you require a FVA to submit with you planning application or initial development advice, our RICS chartered surveyors can assist.

Recent Instructions
Hackney, London - Financial Viability Assessment

Hackney, London

Proposal: 2x Flats
GDV: £1,450,000
S106/CIL: £50,000
Affordable Housing: Nil

Surbiton, Surrey - Financial Viability Assessment

Surbiton, Surrey

Proposal: 20x Flats
GDV: £11,000,000
S106/CIL: £100,000
Affordable Housing: 3 x Social Rent, 4 x Affordable Rent & 3 x Intermediate Housing

Hornsey, London - Financial Viability Assessment

Hornsey, London

Proposal: 20 x Flats & 10 x houses
GDV: £18,000,000
S106/CIL: £110,000
Affordable Housing: 8 x Affordable Rent

Camberwell, London - Financial Viability Assessment

Camberwell, London

Proposal: 43 x Flats & commercial space
GDV: £24,000,000
S106/CIL: £150,000
Affordable Housing: 6 x social rent & 10 affordable rent