CPA Signed in 13 Days – Unlocking 220 Homes, Employment Land and a New Rail Station
Nutrient neutrality was the final planning obstacle for a complex 220 home mixed-use scheme in Taunton. WCI Nutrient Neutrality resolved it in thirteen days.
Summary
- 13 days - from first enquiry to signed Credit Purchase Agreement
- 25.80 kg - total phosphate credits supplied in two tranches
- Up to 220 dwellings plus employment land, rail station car park and public open space unlocked
- Developer returned to WCI Nutrient Neutrality for the top-up allocation
Overview
Nutrient neutrality is frequently the final obstacle between a development and its planning consent. For the developer behind Longforth Farm – a complex mixed-use scheme in Taunton incorporating up to 220 dwellings, employment land, a rail station car park and public open space – WCI Nutrient Neutrality resolved that obstacle in thirteen days.
The Challenge
The scale and complexity of the scheme required a significant volume of phosphate credits allocated across all relevant catchments in the River Tone area. The developer needed confidence that credits were available and could be secured at pace.
The WCI Solution
WCI Nutrient Neutrality’s phosphate credit portfolio spans all relevant river catchments across the region, giving us the ability to allocate credits at short notice. The first Credit Purchase Agreement was signed within thirteen days of the initial enquiry, with a further top-up of 10.80 kg arranged as the project evolved – bringing the total to 25.80 kg.
The Outcome
Planning consent was unlocked for the full development. The developer returned to WCI Nutrient Neutrality for the additional credit allocation, reflecting the confidence built during the initial transaction.
To find out how quickly WCI can secure nutrient neutrality for your development, contact us today.
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