LB Hammersmith & Fulham has published its draft Community Infrastructure Charging Schedule, which sets up to a £400/sqm rate for residential development.
The highest resi rate is proposed for Fulham, with rates of £200/sqm for Hammersmith, and £100/sqm for Shepherds Bush. Commercial office development would be subject to a £80 levy in central Hammersmith, but zero elsewhere, with industrial property zero-rated throughout the borough.
The proposed CIL, which is subject to a consultation running until mid-October, aims to plug a £1.6bn infrastructure gap identified by the council, £1.1bn of which relates to the proposed interchange between HS2 and Crossrail at Old Oak Common – Christened Park Royal City by LBHF.
See the consultation documents.