It is well recognised that the  viability of any particular development can be highly sensitive to a wide range of variables. Everything  from the level of potential contaminants on site, to the proposed electrification of a nearby railway line, can have an impact on whether the numbers on a particular scheme will add up.

That said, it is unusual for uncertainty in the market to be accepted as a reason, in and of itself, for altering the payment arrangements for contributions on a scheme. That is, until we voted to leave the European Union.

Earlier this week, Westminster Council agreed to phase the payments of the affordable housing contribution for a new residential development, purely because of the "uncertainties in the financial and debt markets created by Brexit".

This  appears to be a pragmatic way of enabling at least some of the development to come forward during a time when investors, and development companies, are likely to be cautious. 

Such arguments and compromises may well become more common over the coming months. We are all still getting to grips with what the vote to leave means for the development industry. Whilst we do so,  creative approaches to minimise the impact of uncertainty on otherwise promising schemes are to be applauded.