Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Nottingham Landlord Licensing Generates £114.9m in Social Value
Nottingham’s landlord licensing schemes have created £114.9 million in social value over five years, according to the first evaluation published by the city council. The calculation is based on an independent study examining the wider impact of the schemes.
The evaluation found that for every £1 invested in Nottingham’s landlord licensing between 2020 and 2024, £4.62 was returned in social value. The study assessed £24.9 million invested in the city’s licensing schemes during this period.
This report may be of particular interest to UK letting agents and inventory clerks, as it highlights the financial and social impact of landlord licensing initiatives in a major UK city. The findings could inform discussions around the effectiveness and value of similar schemes elsewhere in the country.
Source: Property118