The current regime of Section 106 Agreements negotiated on a site-by-site basis, in combination with the infrequently used Community Infrastructure Levy - or CIL, for short - is to be swept away and replaced by Infrastructure Levy - or IL.
IL will be calculated based on a fixed percentage of the value of a completed development and aims to increase the public sector's share of development value in a way that is fairer and more transparent.
While the objective may be sound, the reality is the proposed reforms are unlikely to perform as the government intends.
In his latest piece for Housing Today our managing director, Paul Smith, identifies the potential problems and provides straightforward solutions.
