Joint venture for land in Gwynedd
You contribute the land, we fund and manage planning and delivery, and the proceeds are shared as agreed.
A landowner joint venture is a partnership where the owner contributes land and we fund and manage planning and delivery, with the proceeds shared on an agreed basis after agreed costs are recovered. It can unlock more value than a sale but involves more risk, longer timescales and closer involvement.
Joint venture for land in Gwynedd
Considering a joint venture for land in Gwynedd? Here is how it works and where it fits. Gwynedd, as used here, covers north-west Wales and Anglesey, including Bangor, Caernarfon, Holyhead, Llangefni, Porthmadog and Pwllheli. Eryri National Park and the Llŷn and Anglesey National Landscapes cover much of the land, and there is no green belt. Sites tend to be small: edge-of-village land, infill plots, farm buildings and brownfield land in the towns, with Welsh language impact and local housing need often central to decisions.
Controls on turning homes into second homes or holiday lets have been introduced in parts of the area, reflecting pressure on local housing. Coastal flood risk under TAN 15, and the A55 corridor along the north coast to Holyhead, influence where larger schemes are most likely to be supported.
Flood risk in Wales is assessed under Technical Advice Note 15 and the Flood Map for Planning, which can be decisive for land near rivers and the coast.
Parts of Wales lie in river catchments where phosphate levels in protected rivers affect new housing, so drainage and nutrient solutions can be an early question.
Parts of Gwynedd fall within Eryri National Park, Llŷn National Landscape and Anglesey (Ynys Môn) National Landscape. Protected landscapes carry strong policy protection, so land in or next to them needs particularly careful assessment.
In short: you contribute the land, we fund and manage planning and delivery, and the proceeds are shared as agreed. It usually suits owners of larger or well-located sites; landowners who want a long-term interest; sites where a sale would undervalue the long-term potential. See how a joint venture works for the full process, pros and cons.
Land in Gwynedd that often suits a joint venture
WantedLand with planning permission
For consented land around Caernarfon, the first things we read are the decision notice, the conditions and any legal agreement attached to the permission. An option if you would rather share in the build than sell outright.
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WantedLand without planning permission
For land on the edges of Caernarfon with no consent yet, the first questions are access, flood risk and how the council's current plan treats the area. For owners who want a bigger share of the upside in return for more risk.
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WantedBrownfield land
Brownfield land in Caernarfon tends to be well located for homes; the questions are usually about contamination, demolition and neighbours. Can work where the owner wants to share in a redevelopment.
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WantedSmall sites
We want to hear about plots for a few homes anywhere around Caernarfon, including ones a larger builder has already turned down. Possible if you want a share of the finished homes.
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WantedCommercial and industrial sites
We look at yards and units across Caernarfon where the business use has run its course or the site sits awkwardly among houses. Can suit owners who want to share in a redevelopment.
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WantedBarns and rural buildings
In the countryside around Caernarfon, redundant barns and yards can sometimes become homes, depending on the building and the route available. Possible for larger farmyards.
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WantedSites with lapsed or refused planning
If a scheme near Caernarfon was refused or ran out of time, the officer's report usually shows what a better application would need. Possible where owners want to share the upside of a better scheme.
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WantedAllocated and promoted land
Around Caernarfon, allocated sites and land put forward to the council are usually the furthest along, so they can often move faster than land at an earlier stage. For owners of larger allocations who want to share in delivery.
Learn moreTowns we cover in Gwynedd
Joint venture: questions
Do I need to put money in?
Not usually. In most landowner joint ventures the land is the owner's contribution and we fund the costs, which are recovered from the proceeds before profit is shared. Structures vary.
How are profits shared?
By agreement. Common models include a priority return for the land followed by a share of profit.
Is a joint venture right for me?
It suits owners comfortable with more risk and a longer timescale. We will say if a sale or option looks a better fit.
Do you use joint ventures for land in Gwynedd?
Yes. We use joint ventures across Gwynedd and the rest of Wales, where the structure suits the site and the owner.