Object

Representation ID: 1718

Received: 30/01/2015

Respondent: Cogent Land LLP (Cogent)

The viability testing has been undertaken across a range of areas within the Borough and across a range of scales and typologies of development in an attempt to address this. The results of this testing shows that a significant number of scenarios across a significant number of areas would be rendered unviable by the proposed CIL rates (in particular the "nominal rates"). We are therefore concerned that a range of development types across all identified value areas in the Borough will not come forward for development if an unviable CIL rate is applied. A point further strengthened by the fact that a number of these development scenarios are already being shown to be on the margins of viability prior to the introduction of a CIL charge.