Lambeth could raise £32.5m over the next five years from a new charge on developments that comes into force on October 1st.
The Community Infrastructure Levy (CIL) allows local authorities to raise funds towards infrastructure from some new developments in a similar way to how Section 106 system currently works.
Lambeth’s CIL will apply to a range of new developments, over 100 square metres or creating a new dwelling, which is granted planning permission after 1st October. Major new infrastructure is needed in Lambeth over the next few years and this money will go some way to paying for it. The scale of CIL charges has been developed following a lengthy consultation process and varies according to the type of development and its location. Social housing, developments by charities and self-build homes are exempt.
Cllr Jack Hopkins Cabinet Member for Growth and Jobs, said; “ Lambeth is attracting investment on a large scale and the new CIL will help us manage growth so that everyone in the borough benefits from the spoils of development. We will continue to work with our partners and the GLA to close funding gaps so Lambeth continues to be a truly sustainable place to live and work.
It’s absolutely vital that ambition is matched by opportunity and the Lambeth CIL is an important part of making sure that happens.”
Note to Editors:
The Lambeth CIL charges (per square metre of gross internal floor area) will be:
Table 1 Lambeth CIL Charge Rates:
Development type Zone A – Waterloo and Vauxhall Zone B – Kennington, Oval and Clapham Zone C – Streatham, West Norwood, Streatham Hill, Tulse Hill, Brixton and Herne Hill
Residential £265 £150 £50
Hotel £100 Nil Nil
Office £125 Nil Nil
Industrial Nil Nil Nil
Large Retail Development * £115 £115 £115
Other Retail Nil Nil Nil
Student accommodation £215 £215 £215
All other uses not identified above Nil Nil Nil
(*) Large Retail Development is defined as being either retail warehouses or superstores/ supermarkets, where:
• Retail warehouses: are large stores specialising in the scale of household goods (such as carpets, furniture, and electrical goods), DIY items and other ranges of goods catering for mainly car-born customers.
• Superstores/supermarkets: are shopping destinations in their own right, selling mainly food or food and non-food goods, which must have a dedicated car park.
The Lambeth CIL will be in addition to the Mayoral CIL which is already being collected by Lambeth Council, on the London Mayor’s behalf, at a rate of £35m2 as contribution towards the Crossrail project.
The CIL Charging Zones Map which explains how the Borough has been divided into the three CIL Charging Zones can be found on the Council’s website. Full details of the Charging Map and more information on CIL, can be found at :