The Council proposes in the DCS (6-page / 9.92MB PDF) that office developments within zone 1, which covers the north western part of the Borough facing the Thames, will be subject to a CIL rate of £70 per sq m. A proposed zero rate levy will apply to office developments in the rest of the Borough.
For hotel developments, the proposed rate in zone 1 is £250 per sq m and £125 per sq m within the rest of the Borough.
Residential and student housing developments are subject to a proposed rate of £400 per sq m in zones 1 and 2; with zone 2 covering the north eastern part of the Borough facing the Thames. The proposed rate in zone 3, which covers the majority of the remaining parts of the Borough, is £250 per sq m and in zone 4, which covers the middle part of the Borough the proposed rate is £50 per sq m.
For destination superstores, supermarkets, shopping centres and malls, the Council proposes a Borough-wide rate of £250 per sq m. All other retail developments are proposed to be subject to a rate of £125 per sq m throughout the Borough.
A proposed zero rate levy will apply to industrial and warehousing developments, public libraries and health and education developments. All other uses are subject to a proposed rate of £30 per sq m.
The consultation will be open until 3 April. The Council said it intends to adopt CIL by the end of 2013.
