Almost £2m raised for community improvement
By the end of the last financial year real estate developers have paid £1.73million into a fund that is used to help develop local communities.
The Community Infrastructure Levy was introduced in April 2016. It is a payment to be made by developers for housing and large retail projects such as supermarkets.
Monies raised are to be prioritised for spending on projects to support growth, prosperity, new jobs, education, skills and housing.
A report on the fund detailing the money received and how it has been spent is being laid before Cabinet at their meeting on October 8 for approval.
Cllr Denise Jeffery Cabinet Member for Economic Growth and Regeneration said: “Since the charging structure was introduced three years ago over £1.73million has been collected to support growth, new jobs and education, skills and housing in our district.
“It’s important that the process is transparent, so everyone can see how the system works and how these fees are making a difference and benefiting communities and the wider district.”
At least 25 per cent of the charge is spent in the area where the development has taken place, and allocated to support infrastructure including roads, transport, medical sport facilities and open spaces.
And the funding can also be used to support larger Council infrastructure projects.
The Cabinet meeting takes place on Tuesday, October 8 at 10.30 am in Wakefield Town Hall. The meeting can be watched live or later at www.wakefield.gov.uk/livestream