Funding our future growth
Work to develop a new way of funding major projects in East Cambridgeshire has been approved this week by Full Council.
The Community Infrastructure Levy (CIL) will, from February 2013, be the main way of securing developer contributions towards the delivery of infrastructure and services which growth requires.
The District Council is the 11th authority in the country to implement CIL as they replace, in a majority of cases, the previous complex ‘Section 106’ negotiations and agreements
CIL will also allow for a number of developer contributions to be pooled in order deliver larger scale infrastructure needs which would benefit the whole district.
Councillor James Palmer, Deputy Leader of East Cambridgeshire District Council, said: “The Community Infrastructure Levy (CIL) will dramatically change how we can plan for the future of East Cambridgeshire. Developers will know how much money they will need to pay to build in an area without having to get into long and complex discussions. This means we will have a clear idea of the money we can use to deliver the major infrastructure which our growing district needs. This is a very exciting time and one which will bring real benefits for us all.”
Earlier this month, the charging schedule for CIL contributions was given the green light by a Government Examiner.
This means developers will be charged between £40 and £90 per square metre for building new homes, depending on their location in the District, and £120 for developing new business developments.
Details of the scheme and how it will operate are available at www.eastcambs.gov.uk or for more information please call 01353 665555.