19 Mar 2013

Community Infrastructure Levy

Insights, Property, Publications

‘Town Centre Securities, the listed developer and investor, led by Edward Ziff, is warning that the Government’s new community Infrastructure Levy could “kill off” new property developments.

Mr Ziff said market sentiment is improving, but the levy will pose difficulties, particularly in the provinces as the UK tries to rebalance its economy away from the South East.

Leeds and Sheffield are among the local authorities that plan to introduce the charge next year for developers to help pay for new infrastructure.’

Source: Yorkshire Post