commiss decis decemb aid scheme unit kingdom english partnership ep partnership invest programm pip hereinaft quot ep pip quot scheme notifi document number english text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite regard comment procedur letter januari unit kingdom notifi commiss accord articl ec treati programm assist offer singl regener budget srb notif cover number scheme includ english partnership ep partnership invest programm pip ep pip scheme region develop scheme relat public financ regener project england letter unit kingdom sg commiss approv srb basi articl ec treati aid develop econom area decis commiss state number measur includ srb caught articl ec treati quot urban regener ep activ quot mention measur uk author oper scheme basi percept ep programm fund regener project involv state aid mean articl approv srb commiss attent drawn case beneficiari ep assist enterpris compet intra commun trade meet januari commiss ask uk author provid clarif actual function scheme aspect issu discuss analys meet correspond januari februari commiss announc intent propos measur basi articl ec treati meet uk author septemb visit ep headquart london place octob research discuss sampl case order determin precis measur propos final letter juli sg commiss propos uk author basi articl ec treati measur ep invest programm ep pip scheme uk author request give consent measur propos work dai april uk author formal respons measur propos respons author give full consent measur propos commiss consequ commiss decid initi procedur articl ec treati relat ep pip scheme offici respons uk author letter juli notic commiss decis publish offici journal august eleven interest parti submit comment prescrib period month public commiss receiv comment interest parti prescrib period ii descript ep pip scheme statu histori ep ep establish novemb power provid part iii leasehold reform hous urban develop act fulli oper april ep refer statut quot urban regener agenc quot perman department public bodi respons secretari state environ fund ep form alloc srb resourc compris grant aid depart environ receipt gener activ includ sale asset primarili properti portfolio english estat agenc succeed object ep quot aim agenc secur regener area reclam develop redevelop land build whilst concentr regener land oper broader regener framework work local region partner aim tackl problem area round programm address land varieti purpos includ hous industri commerci premis attract invest infrastructur leisur recreat environment improv quot area cover ep fund ep identifi prioriti area draw region strategi document year base assess relev data consult region partner indic analysi take consider prevail unemploy rate outcom recent nation derelict land survei area question european object area coalfield closur area import target ep activ necessarili situat assist area ow small size geograph isol area respect travel work area build block unit uk region aid map forc decemb alleg uk author difficult incorpor map citi challeng citi area rural area sever econom chiefli european object area assist area mention notif januari quot list order prioriti ep flexibl respond urgent area structur shift local economi quot principl ep fund activ england mean action ep pip scheme ep act invest programm inform object ep geograph area concern appli ep programm gener present decis concern pip ep act partnership develop privat sector fund ep pip address develop strong econom link land develop notabl properti uk author stress land ideal address scheme privat hand main reason public tender procedur organis alloc public fund develop econom link develop land basi ep pip scheme function applic present regener propos ep negoti ep share risk cost reward negoti result practic agreement amount financ develop cost quot gap fund quot recit practic assist form includ profession technic advic rent guarante develop grant form partnership invest develop joint ventur develop loan loan guarante develop method level assist ep pip uk author pip model develop ep obtain real monei candid project strictli vet point view addition practic probiti privat sector leverag order ensur ep object achiev minimum public cost uk author emphasis firm commit maintain partnership approach privat sector pip model ow alleg particular english properti market underus derelict land privat own applic direct invest programm exist altern pip involv ep purchas privat land case take full role develop uk author commit reduc recours direct invest programm involv signific increas level public expenditur main featur ep pip scheme gap fund ep fund aim strictli cover gap estim develop cost estim final site posit base assumpt ow natur project undertaken estim final complet site definit lower estim develop cost necess gap fund reason margin profit profit allow develop quot reason quot margin profit develop built estim develop cost financ ep part gap fund estim quot reason quot profit apprais ep basi level project risk feasibl market comparison specif allow profit minimum develop accept order ahead project figur reach negoti ep develop reflect profession judgement ep intern valuer market profit rate similar type project similar locat claw back claw back claus set recov excess profit excess amount loss cost overrun born develop risk carri develop includ subsequ failur achiev estim final apprais cost valu cost valu apprais ensur reflect prevail market condit ep appli market analysi uk author ep comment structur english properti market line analys produc independ charter surveyor profession bodi repres valuer surveyor properti england uk author system guarante end user receiv state aid pai purchas rent price market rate order determin gap fund price natur includ final purpos estim ep intern valuer stress ep pip scheme function combin interest actor involv land owner develop end user consid rule view ep declar prefer assist quot develop perman interest site initi owner end user quot condit rais commiss problem transpar identif real beneficiai ep assist quantif amount aid receiv iii measur propos commiss pursuant articl ec treati sake complet refer made measur propos commiss juli pursuant articl ec procedur order uk author bring scheme line rule state aid work concept spirit collabor nation author commiss context procedur pursuant articl ec treati studi scheme oper commiss identifi work concept order identifi circumst aid mean articl ec treati grant ep pip bespok develop case develop design suit end user moment develop work undertaken specul develop site develop order open establish time decis develop reason prompt commiss propos concept current appli scheme make identifi certainti actual beneficiari aid commiss assum end user aid beneficiari bespok develop land owner develop aid beneficiari specul develop strong econom link develop land uk author contest work concept assumpt form basi discuss quot site abnorm quot concept advanc stage discuss uk author put special emphasi fact ep pip scheme address princip site environment damag incur pollut uk author provid gener definit quot site abnorm quot cite environment infrastructur problem make specif site unmarket fund requir order repair quot site abnorm quot consid state aid uk author limit amount order bring site market level commiss propos number measur uk author ask oper ep pip scheme region aid scheme conform relev state aid rule notabl guidelin nation region aid uk map assist area suggest ep pip scheme uk author grant region state aid amount gap fund case bespok develop suggest aid grant end user directli case specul develop suggest aid grant develop land owner commiss suggest valuat includ cost estim final valu sale rent price end user estim part gap fund calcul potenti claw back carri independ charter surveyor scheme confer state aid mean articl ec treati commiss case investor landown end user carri site activ relev intra commun trade commiss suggest case landown develop end user compani activ sector subject special commun state aid rule necessit individu notif possibl offer commun framework state aid environment protect exploit commiss suggest notabl order bring state aid rule public financ correct quot site abnorm quot respons measur uk author accept restrict definit bespok develop subject region aid rule specul develop uk author maintain state aid involv ep fund product question derelict land england trade member state stage commiss consid argument put forward uk author allai doubt exist state aid ep pip scheme compat common market commiss decid initi procedur articl ec treati iv comment uk author letter juli uk author respond commiss letter open procedur articl ec treati letter uk author modifi point posit express letter respond propos measur posit uk author summaris bespok develop uk author agre oper develop conform guidelin issu commiss current futur map assist area author includ concept bespok develop industri offic beneficiari aid respect bespok project end user site end user bespok project compani activ sector subject special commun state aid rule individu notif made commiss form aid grant ep pip scheme explain order commiss measur aid element special rule state aid enterpris difficulti sme environment protect sensit sector respect sector transport agricultur fisheri concern scheme uk author propos chang valuat process carri intern ep profession valuer propos futur valuat undertaken ep record sign independ valuat accord standard industri procedur laid profession bodi royal institut charter surveyor make profession surveyor person profession respons conduct valuat scheme estim complet develop gbp million independ valuat requir addit requir futur develop bespok classif project award quot work quot contract competit tender price monei tender lower cost includ project apprais calcul ep substitut tender price recalcul fund requir amend develop agreement specul develop author maintain posit state aid involv commiss oblig judgment court justic european commun join case netherland leeuward papierwarenfabriek commiss set circumst intra commun trade affect case financ specul develop project order commiss uk author examin relev market place product question market pattern trade member state product question present case author view commiss unabl reach standard impos court justic neglig intra commun properti develop market potenti applic environment aid guidelin uk author state explor aspect ep pip programm fall commun guidelin state aid environment protect purpos cover financ quot site abnorm quot bespok specul develop comment interest parti interest parti submit comment deadlin septemb english partnership north west develop agenc durham counti council newcastl citi council derwentsid district council citi sunderland northeast local govern associ advantag west midland associ north east council east england develop agenc parti submit comment deadlin note outset submit comment interest public author local region develop agenc comment larg coincid comment uk govern main comment receiv summaris ep pip scheme success regener programm prove effici compar direct invest programm deliv monei partnership privat sector ep agreement provid agre gap fund project place region aid rule suitabl regener purpos subject ep financ region aid intens ceil assist region limit substanti relat amount area action parti fear brownfield area develop ep financ includ region aid map due rule forc methodolog draft region aid map gap fund mechan meant correct market failur bring market asset market level conceiv aid individu enterpris concern quot project assist quot amount gap fund repres minimum order project carri order calcul gap fund ep apprais project futur market ensur applic left quot normal profit expect quot ep pip scheme restrict competit enhanc fund programm open type applic interest parti emphasis commiss propos measur clear type beneficiari develop investor landown end user class land develop applic propos stand problemat quot mix quot project includ infrastructur specul bespok develop interest parti grant transit period project phase assess realis vi assess aid exist aid state outset circumst invok uk govern interest parti automat exclud exist state aid mean articl ec treati preclud reflect exist state aid pursuant articl fact partnership public privat sector cost effici sens oper programm form reduc burden public purs comparison direct invest programm note scheme oper theoret real limit amount fund grant individu case word gap fund relat invest cost fact fund grant order correct market failur address market failur public fund individu enterpris preclud possibl enterpris compet intra commun trade receiv aid mean articl ec treati fund minimum project proce alleg account fact circumst instanc larg enterpris assist area state aid mean articl ec treati commiss examin take consider argument submit uk govern interest parti procedur condit applic articl ec treati fulfil analysi appli categori bespok specul develop quot aid quot fund offer ep quantifi financi incent develop order enabl carri develop work site ep word quot problem condit locat encourag privat investor quot emphasis point paper submit uk author investor incent choos ep prioriti site invest area agenc involv ep assist serv liber privat investor unmarket asset amount correspond gap fund initi propos develop final determin ep intern vet procedur amount eventu consid address develop fund cover part project cost includ quot reason quot profit develop order undertak propos project commiss consid amount aim gap fund constitut incent project proce aid question end user assur author end user pai market price exclud possibl aid price determin object valuer object criteria quot aid grant member state state resourc quot ep public bodi fund depart environ pursu public interest public polici object fact principl defin market orient seek monei integr ep oper philosophi effect public statu public statu ep impli prone financ develop propos riski lucr attract privat investor basi fact project meet public interest polici object privat financ institut oper normal market condit expect incorpor public interest public polici object rational decis quot form whatsoev quot ep fund channel quot broad rang mechan quot includ grant rent guarante joint ventur develop form equiti stake limit compani loan loan guarante develop commiss consid form aid scope articl ec treati quot aid favour undertak quot select criterion ep grant assist select develop examin larg number project submit develop direct recipi assist perfectli identifi propos develop select criterion satisfi fact ep assist prefer grant develop land question prioriti area circumst commiss consid ep pip scheme liabl place undertak favour situat fall scope articl ec treati aid distort competit quot affect trade member state quot court justic state aid affect trade member state depend purpos aid grant effect analysi commiss proce line european court justic judgment case germani commiss concern aid scheme ep pip scheme individu case court state quot case aid programm commiss confin examin characterist programm question order determin reason high amount percentag aid natur invest aid grant term programm appreci advantag recipi relat competitor benefit undertak engag trade member state quot ep pip scheme aid programm meant address land regener develop open sector except compani oper transport agricultur fisheri sector case bespok develop practic case recipi ep fund compani activ trade member state scheme financ specul develop undertaken compani sector restrict mention bespok develop commiss believ affect ep discretionari fund compani conceiv carri properti develop activ mobil member state compani activ trade derelict land england regard gener characterist programm commiss ground possibl scheme benefit undertak engag trade member state case bespok specul develop forego condit applic articl ec exist state aid mean articl met bespok specul develop aid beneficiari except case parti activ sector subject special commun state aid rule commiss consid case region aid rule essenti identifi parti end user land owner develop aid beneficiari case region aid rule respect circumst purpos appli scheme commiss consid aid beneficiari presum end user case bespok develop proposit unit kingdom agre land owner develop case specul develop doubt case determin aid beneficiari consequ state aid rule individu notif made parti activ sector subject special commun state aid rule commiss requir separ notif articl ec treati reserv analysi ident aid beneficiari beneficiari compat aid establish ep pip scheme involv state aid mean articl ec treati render scheme compat common market appli compli derog provid articl ec treati purpos scheme case bespok specul develop appli accord relev state aid rule notabl guidelin nation region aid multisector framework region aid larg invest project commiss commun state aid element public land sale commun guidelin state aid environment protect commun guidelin state aid rescu restructur firm difficulti commun guidelin state aid sme guidelin state aid undertak depriv urban area rule state aid industri sensit sector synthet fibr motor vehicl industri shipbuild steel coal transport fisheri agricultur bespok develop uk author agre subject ep pip scheme rule region aid relev state aid rule extent aid bespok develop ep pip scheme compat common market uk author accept commiss propos notif case actor end user involv project land owner develop activ sector subject special commun state aid rule specul develop ep pip scheme appli involv state aid incompat common market account state aid rule implement adopt decis articl ep pip scheme modifi partial accept measur refer recit compat common market provid part scheme specul develop brought state aid rule refer recit uk author notifi basi articl ec treati case bespok specul develop case actor involv activ sensit sector refer end recit articl decis termin commiss authoris ep pip scheme scheme singl regener budget commun unit kingdom letter project formal applic submit date adopt decis process scheme articl unit kingdom commun commiss month date adopt decis measur order compli decis articl decis address unit kingdom great britain northern ireland brussel decemb commiss mario monti member commiss oj footnot annual report refer year end foreward financi statement oj ecr oj case franc commiss ecr paragraph case itali commiss ecr paragraph ecr oj oj oj oj oj oj oj