Property levy threatening development, says Caudwell
The introduction of the community infrastructure levy (CIL) could affect Exeter's long-term growth, according to one expert in the city.
Catherine Caudwell, a consultant in the planning team at Jones Lang LaSalle, said developers and landowners must "make their voices heard" on the issue – or risk putting major projects in jeopardy.
The CIL is set to allow local authorities to raise money from developers who are working on new schemes in their area in order to fund 'vital' community projects such as new roads, schools and hospitals.
Exeter City Council’s first round of consultation on the levy - which will set out proposed charging rates for each type of development - closes at the end of the week (3 February).
"This will undoubtedly change the face of development in the area," said Caudwell. "The CIL could have a significant impact on the viability of land and development proposals and on the future growth of Exeter and its environs.
"The provision of much needed infrastructure through the levy will of course be of great benefit, but at the same time it may threaten the viability of some large-scale projects."
