The CIL is to be charged on a square metre rate of net additional floor space created if the development creates 100 square metres or more of net additional floorspace.
The key drivers of the CIL charge for a development are:
1. If the development is in an area deemed prime, core or fringe
2. the rates within the tariff adopted and
3. the use of the property
Mindful of the ever changing nature of Westminster, the Council will review its CIL biennially with the first review in 2018. This simple, straight forward policy would allow developers greater clarity as to the receipts due to the council. A specified portion of proceeds generated by development in each neighbourhood will be spent on priorities agreed with the local community. Specifically 15% of funds will be directed within neighbourhoods without a neighbourhood plan, rising to 25% uncapped in neighbourhoods with a neighbourhood plan. Westminster has set out a draft list (known as a ‘Regulation 123 list') of infrastructure projects or types of infrastructure that CIL receipts will be used to fund. This list will therefore be a key driver in the development of necessary infrastructure within Westminster and includes crime and anti-social behaviour; education facilities; health facilities and public realm improvements amongst others.