Land Value Capture

In the budget the chancellor announced some changes in relation to land value capture.

He announced proposals to allow combined authorities and joint planning committees to impose a Strategic Infrastructure Levy to finance strategic infrastructure. This would be a low level universal levy on development similar to the London Mayor's levy which was used successfully to raise money for Cross Rail.

There is to be a simplified power to raise an increased zonal CIL charge in areas of high land value uplift.

He has also proposed an end to the restrictions on pooling s106 contributions which were imposed by the CIL Regulations and which have proved to be unhelpful in the efforts to raise money for infrastructure.

This is in line with expectations for this budget. The tone of the...