Comment
Community Infrastructure Levy (CIL)
Representation ID: 1740
Received: 30/01/2015
Respondent: Cogent Land LLP (Cogent)
Representation Summary:
Methodology
We welcome the publication of a draft Instalments Policy by the Council.
An Instalments Policy is particularly important for larger sites, notably in respect of upfront infrastructure costs typically associated with strategic development that have a significant impact on the development's cashflow. A proposed Instalment Policy should aim to reflect, as closely as possible, the timing of delivery of the development, to ensure that the CIL does not put unnecessary pressure on cashflow and viability.