Agenda item

(Deputy Michael Welbank, M.B.E.)

25 February 2014

City of London Community Infrastructure Levy (CIL)

The City of London Community Infrastructure Levy (CIL) replaces Section 106 planning obligations and is a statutory fixed charge on new development intended to help fund the provision of new infrastructure to support development.  CIL can be used to fund the provision, improvement, replacement, operation or maintenance of infrastructure but cannot be used to fund affordable housing and revenue schemes as these are still to be sought through scaled back S106 planning obligations.  The City CIL will not put the growth of the City at risk, whilst continuing to deliver capital funding to help deliver necessary infrastructure improvements.

We recommend the approval of a separately printed and circulated report which proposes that the City of London Community Infrastructure Levy (CIL) be adopted and implemented, taking effect on 1 July 2014.

(Deputy Michael Welbank, M.B.E.)

25 February 2014

City of London Community Infrastructure Levy (CIL)

The City of London Community Infrastructure Levy (CIL) replaces Section 106 planning obligations and is a statutory fixed charge on new development intended to help fund the provision of new infrastructure to support development.  CIL can be used to fund the provision, improvement, replacement, operation or maintenance of infrastructure but cannot be used to fund affordable housing and revenue schemes as these are still to be sought through scaled back S106 planning obligations.  The City CIL will not put the growth of the City at risk, whilst continuing to deliver capital funding to help deliver necessary infrastructure improvements.

We recommend the approval of a separately printed and circulated report which proposes that the City of London Community Infrastructure Levy (CIL) be adopted and implemented, taking effect on 1 July 2014.

Read and agreed to.