Out-Law News | 16 Apr 2014 | 2:56 pm |
The Council has proposed to set a nil rate levy to apply to residential developments within the 'Stroud Valley' area. It said that this would reflect "current constraints associated with brownfield sites located within the valley bottoms and more generally sites within the canal and river corridor".
Residential developments within the strategic sites set out in the Council's draft local plan would also be subject to a nil rate levy under the proposals. The Council said this would allow the developers of these sites to deliver the infrastructure required through Section 106 agreements. Any residential developments elsewhere in the district will be levied at £80 per sq m if the proposals are adopted.
Supermarkets and retail warehouses will be subject to the highest draft rate of £150 per sq m, which is proposed to apply across the district. For all other types of developments, the Council has proposed to set a rate of £10 per sq m.
The Council said it expects to adopt CIL in the spring 2015, subject to its local plan timetable.