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The Community Infrastructure Levy and the implications for surveyors

Author

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  • Bennett, Luke

Abstract

This paper concentrates on the growing prevalence of CIL among local authorities in England and Wales, and the implications that the levy has for surveyors. The role that the surveyor has to play at the outset of a potential development scheme is fundamental in assessing project costs and the viability and deliverability of project proposals. It is at this embryonic stage of a development scheme that a sound understanding of CIL is pivotal to ensure that no major financial implications are realised later on in a project's time plan. The surveyor also has a vital role to play in setting the CIL rates in the first instance, with increased transparency between surveyors and the local authority fundamental to delivering growth and financing infrastructure provision.

Suggested Citation

  • Bennett, Luke, 2016. "The Community Infrastructure Levy and the implications for surveyors," Journal of Building Survey, Appraisal & Valuation, Henry Stewart Publications, vol. 4(4), pages 206-211, March.
    • Handle: RePEc:aza:jbsav0:y:2016:v:4:i:4:p:206-211
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    More about this item

    Keywords

    CIL; infrastructure; viability; delivery; floor space; development costs;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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