News: CIL implemented in Rotherham

Developers wanting to build houses and out of town retail projects in the Rotherham borough will now have to pay a levy under a new scheme designed as a transparent way to raise an estimated £12m to support local infrastructure.

The Planning Act 2008 introduced the concept of the Community Infrastructure Levy (CIL) as a new means for authorities to seek developer contributions to help fund infrastructure and Rotherham Council introduced the scheme earlier this month having consulted on how it could operate in the borough.

Councils aren’t obliged to introduce a levy but the CIL can, in the most part, replace Section 106 financial contributions and provide a more transparent way of raising money to help pay for the infrastructure required to deliver the Local Plan. It should end the back and forth discussions between developers and authorities over affordable housing provision and financial contributions.

Read on… http://www.rothbiz.co.uk/2017/07/news-5661-cil-implemented-in-rotherham.html?m=1

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One Response to News: CIL implemented in Rotherham

  1. Xinsider says:

    Bang goes the building and development industry in Rotherham then !

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