Question 3 - Capturing Land Value Flashcards
(5 cards)
1
Q
Paragraph 1 - Introduction - What are they?
A
Community Infrastructure Levy (CIL) and S106
2
Q
What is CIL?
A
Financial contributions that are pooled to aid larger scale infrastructure
3
Q
Paragraph 2 - CIL
A
- Advantages: clarity for developer and LA (sqm fee) and LA has flexibility in how money is used
- Challenges: Inequality within area and lag between payment and infrastructure work
4
Q
What is S106
A
Contributions towards local infrastructure to mitigate impacts of development
5
Q
Paragraph 2 - S106 - Advantages and Challenges
A
- Advantages: tailored, flexibility in contribution required
- Challenges: complex negotiations, overburden on developers and less clarity
