1. Taxing hazardous waste soil

2. Corporation Tax Relief Knotweed Dereliction Corporation Tax Relief for Contamination Waste Disposal from Remediation

3. Example – Costs 2008-2011 10,000 m 3 of hazardous waste Landfill 2008 2011 Soil Washing Ex-Situ Bioremediation £ 406,000 £ 443,0009% £ 707,000 £ 811,00015% £ 774,000 £ 1,517,00096% Increase

4. Options Appraisal On Site Off Site Soil Hospitals Cluster Landfill In-Situ Tax Driven Opportunities TAX INEFFICIENT TAX EFFICIENT Ex-Situ BROWNFIELDS DIS-INCENTIVE BIG TECHNOLOGY INCENTIVE

5. Sustainability Drivers Low Carbon/Waste Technologies Low Intervention Approaches

6. Soil Framework Directive Portuguese Text – proscriptive – ‘what’ and ‘how’ French Text – non-proscriptive Czech Text – ‘what’ but not ‘how’ Swedes Spanish

7. Code of Practice

8. Remediation in a Brownfield Finance Context The ABC Model :

9. £ Full Greenfield Value + Abnormals Remediation Foundations Other £ Bid - Build Costs Brownfield Finance

10. £ Foundations Other £ Bid - Build Costs Remediation Zero Carbon Affordable Housing Brownfield Finance Full Greenfield Value +

11. £ - Costs Brownfield Finance Full Greenfield Value + £ Bid Private Projects Market decides

12. £ £ Value - Costs Brownfield Finance Public Private Partnership Create Value Reduce Costs Full Greenfield Value +

13. £ £ Value - Costs Brownfield Finance Public Intervention Long Term Derelict Land Full Greenfield Value +

14. £ - Costs Viability Squeeze Full Greenfield Value + £Non Viable £ Viable Regulatory Burden

15. Conclusions

16. Worst housing slowdown in a generation Brownfield remediation sector shared the pain Capital expenditure on land and site preparation deferred

17. Conclusions Economic outlook improving Land buying activity is recommencing Brownfield remediation sector leaner and fitter Financial and regulatory drivers supporting the brownfield remediation sector

18. The outlook for brownfield remediation is positive, although likely to remain tough for 12- 18 months Still some serious challenges to address: > Depressed Land prices > Brownfield viability > Regulatory burdens Conclusions

19. …thank you