Fixed Estate Charge

Statement on the Queen Elizabeth Olympic Park Fixed Estate Charge

Following on from the success of the London 2012 Olympic and Paralympic Games, London Legacy Development Corporation was given a once in a lifetime opportunity to develop a new metropolitan heart for east London where people choose to live, work and play.  

The Fixed Estate Charge was developed to contribute towards the cost of maintaining Queen Elizabeth Olympic Park’s parklands and its facilities, as an Estate for the enjoyment of all those living on, working in or visiting the Park. It is a fixed charge, dependent on the nature of the use, index linked and paid to London Legacy Development Corporation, which may be utilised to upkeep and maintain the Park and its Venues, and applies to all types of occupier on Queen Elizabeth Olympic Park estate (Queen Elizabeth Olympic Park estate is outlined in blue on the attached plan and may be subject to variation from time to time).  

There is more information on the Fixed Estate Charge on the GLA website here.