Out-Law News | 11 Mar 2014 | 3:06 pm |
The Council launched a consultation on the DCS last week. It has proposed to set a flat rate of £100 per sq m for residential developments after its viability testing had found that most forms of residential development in all locations across the borough would be able to accommodate CIL charges.
For residential developments, the Council has proposed a borough-wide rate of £150 per sq m. It said its viability findings considered that the difference between food supermarket and general retail viability was not significant.
The Council said its evidence base indicated that the potential for office, industrial and warehousing schemes to be viably delivered would be "limited in current market conditions" and it has not proposed a charge for such uses. All other uses including education, leisure and institutional use will also be nil rated under the proposals.
The consultation will be open for comments until 17 April. The Council said it hopes to implement CIL in early 2015.