Lower Rates Have Not Restored Development
Lower interest rates cannot resolve every constraint on development viability. Where margins remain thin, the funding case needs to show enough contingency, a credible exit and how the scheme will absorb delay.
Capital Isn’t Scarce. Confidence Is.
Development capital remains active, but lenders and equity partners scrutinise the route through delay, cost and exit risk. A credible funding case shows how those risks will be absorbed before they become tighter terms.