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London First response to Mayors CIL proposals

Mayor of London, Boris Johnson published a draft schedule for the Community Infrastructure Levy (CIL) which will gather funding contributions from London-wide development for the Crossrail project. This is the start of a long consultation process which should result in the levy being introduced during 2012.

Baroness Jo Valentine is Chief Executive of independent business group London First, whose members include London’s major employers and leading developers. She said:

“The draft schedule for the Mayoral CIL is the opening position in a long consultation process about this important component of the Crossrail funding package. We welcome the pragmatic proposed solution to the potential overlap between CIL and Section 106 payments for developments close to stations.

“Crossrail must proceed to provide capacity for London’s economic growth. It is vital however that the CIL charge is not set too high thus preventing development and the very growth it is supposed to support. We will examine the detail of the Mayor’s proposals with our business members and respond to the consultation.”

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Notes to Editors
London First is a business membership organisation with a mission to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure

London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes further education colleges and all of London’s universities. London First members represent over a quarter of London’s GDP.

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