(Image courtesy of Exeter City Council)
Exeter City Council is currently running a planning consultation on proposals to amend Community Infrastructure Levy (CIL) rates in the city.
CIL revenue from development, first introduced in Exeter in 2013, is used to fund infrastructure and community facilities in the city.
The Council states: ‘Although this is a technical subject, the consultation is a public process and is important to inform the review of CIL rates for Exeter.’
The Trust Board agrees with this view and would like to encourage all members living in Exeter to set aside a little time for this, at least completing the sections over which you have a view before the consultation closes on 25 January 2023.
As we know to our cost, CIL is especially important here in St James where developers of purpose built student accommodation (PBSA) have been attracted by a charge 50% less than for other types of residential accommodation. Now a new kid on the block, Co-Living, has emerged where the Council also proposes a low rate of CIL for such developments. Could Co-Living become PBSA by another name?
Please read the background to this with a link to the main consultation here.