The National Planning Policy Framework requires local authorities to identify and update annually a supply of specific, deliverable sites sufficient to provide five years worth of housing against their housing requirements with an additional buffer of 5% (moved forward from later in the plan period) to ensure choice and competition in the market for land.
Footnote 11 of the Framework sets out that, to be considered deliverable, sites should be available now, offer a suitable location for development now, and be achievable with a realistic prospect that housing will be delivered on the site within five years and in particular that development of the site is viable. Further guidance on viability is available at: http://planningguidance.planningportal.gov.uk/blog/guidance/viability-guidance/
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