Diversification via Development Seminar

Diversification via Development Seminar - Sheldon Bosley Knight Sheldon Bosley Knight were delighted to sponsor the recent Diversification via Development Seminar hosted by Warwickshire Rural Hub on Tuesday 30th April.

The  Seminar provided an opportunity for farmers and landowners to learn more about the options available to them for converting farm buildings to residential use. Daniel Jackson, Director of Sheldon Bosley Knight and an Associate of the Royal Town Planning Institute, was joined by two other local experts who between them covered the planning, finance and tax implications of rural diversification.

Daniel explained the Class Q Permitted Development rights that were introduced in 2014 and which apply to buildings that were in agricultural use on 20th March 2013.

Diversification via Development Seminar - Sheldon Bosley Knight He gave some examples of Class Q applications and discussed the common pitfalls to be aware of including the maximum floor space that can be developed, the number of dwellings allowed and the deadline for completion of the building.

Daniel and his planning team have worked on a number of successful Class Q applications and he emphasised the importance of seeking professional advice for anybody considering Class Q development given the strict criteria that applies.

The audience also heard from Daniel O’Donnell from Rosconn Strategic Land who discussed the role of Promotion Agreements and their value to the landowner, and Mark Dickin of Ellacotts explained the all important tax implications.

The seminar was very well attended with over 85 guests who enjoyed networking over hot bacon baps and the opportunity to ask questions of the speakers.

For further information and to discuss your own rural diversification plans, please get in touch with Daniel on djackson@sheldonbosleyknight.co.uk.