Design & Build 03 | Page 13

Design funding development planning We all would love to see more public gardens, refurbished and modernised playing fields, restored public buildings and monuments, better paved alleys in our respective towns and villages. With the introduction of the new Development Planning Fund, this has now grown increasingly more possible. T his new fund will see its financing coming from the amalgamation of the successful Urban Improvement Fund (UIF) with that of the dormant Commuted Parking Payment Scheme. In addition, 20% of the revenue generated through applications for the regularisation of development is also being direct- ed to the fund. This combination is bringing and making millions DESIGN&BUILD more available in funding for Lo- cal Councils to carry out projects which will better the lives of their residents. The concept of creating a fund to finance projects that can leave a significant and positive difference within a locality can trace its roots with the inception of the Planning Authority and the introduction of the 1992 Structure Plan. “The idea was that if you had a de- velopment, then you should provide parking on site. Clearly, this was not always possible, so the idea was that the community would be com- pensated for the shortfall of the car parking spaces that the project would require,” the fund’s Chairperson Perit Vincent Cassar explains. These funds were injected back into the community as the Authority gave Q 2 , 2017 9