Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
Nottingham Landlord Licensing Scheme Reports £4.62 Return Per £1 Spent
Nottingham City Council has published a Social Return on Investment study claiming its landlord licensing schemes generated £114.9 million in social value from a £24.9 million investment between 2020 and 2024. According to the report, this equates to a return of £4.62 for every £1 spent.
The independent study examined Nottingham’s selective, additional, and mandatory licensing schemes, which together cover approximately 79% of the city’s private rented homes. Over the five-year period, the council issued more than 33,000 licences and conducted over 30,000 inspections and investigations.
The study also identified more than 7,400 unlicensed landlords and properties requiring licences. The licensing department, which employs around 100 staff, operates on a self-funding model through licence fees. The schemes cover a range of properties, from single-household rentals to houses in multiple occupation (HMOs) occupied by students and multiple tenants.
The report highlights data sharing between licensing officers, police, universities, safeguarding bodies, and other local agencies as a key mechanism for addressing housing standards, crime, anti-social behaviour, and public health concerns. Nottingham City Council describes the study as the first of its kind in Britain, examining one of the largest licensing operations outside London.
The report concludes that future efforts should focus on optimising the reach and effectiveness of licensing schemes through expanded data-led targeting and more targeted interventions. The full report is available on the Nottingham City Council website.
Source: PropertyWire