At subsequent meetings with the Council more detailed parameters were agreed for the study and these will be highlighted further below. The structure of the report is arranged as follows: we begin by explaining briefly the nature of the various appendices that are attached. We then go on to set out the methodology and assumptions that have been adopted for both the specific and notional sites. Under this section we discuss the valuation method that is used, together with the assumptions made in respect of the different valuation inputs, such as sales values and profit. We also discuss the concept of viability and the different ways in which it needs to be considered in different circumstances, for example between the strategic sites and the notional sites. Following on from the methodology and assumptions, we discuss our findings in relation to the various sites. At the end of the Findings section, we address specifically the issue of the cumulative impact of core policies on the viability of both the strategic and notional sites.

By way of an introduction to the attached appendices, we should point out that the study is based upon the outcome of a series of valuations, each of which reflects a particular scenario, such as unit numbers, mixes and proportions of affordable housing. These scenarios were agreed with the Council at the outset. The appendices build up, therefore, to valuation outcomes, from which we can make assessments of viability. They are divided between those that relate to the specific strategic sites and those that relate to the notional sites.