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Tuesday, 30 September 2014

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New charges for property developers will be Cumbria first

RESIDENTS in South Lakeland will be first in Cumbria to benefit from a new scheme that will force property developers to contribute funds to the local community.

The Community Infrastructure Levy, which comes into effect tomorrow, will see all new builds in the SLDC area subject to additional charges.

Under the new rules, developers will have to pay £60 per square meter of new housing and £150 per square meter for supermarkets and warehouses.

SLDC is the first county in Cumbria to adopt the scheme.

Of the amount collected, 15% will be given to the local parish or town council.

This figure will increase to 25% if the parish has a neighbourhood plan.

With the levy in place, property developers looking to build new houses in Ulverston would help fund extra school places and improvements to the town's public spaces.

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