The consultation period will run for a 5-week period, from 14th January 2019 to 15th February 2019.
The Community Infrastructure Levy (CIL) allows LLDC to raise funds from a charge on new floorspace that is built in our area. CIL contributions can be spent on infrastructure that will help support growth in the area. This means LLDC can support infrastructure projects that improve our area for current residents and businesses as well as those moving to the area and making Stratford their home.
The Charging Schedule sets the rates that are charged for new development within the Legacy Corporation area. The current charges have been reviewed and updated. For example, a new charge for office floorspace is proposed within the Stratford Retail Area.
To date, funding from CIL includes a £4 million contribution towards the upgrading of Hackney Wick Station which has now been opened.
This consultation is the final opportunity to comment on the proposed revised Charging Schedule before it is considered through a formal Examination held by an independent Examiner.
Lyn Garner, CEO of the London Legacy Development Corporation, said:
“It is important that local people have the opportunity to have their say on the proposed new and updated CIL charges. Hackney Wick Station is a great example of how CIL funds can be used for the benefit of local communities and businesses.”
Community Infrastructure Levy is a levy on new development floorspace which local planning authorities may introduce in their areas to help fund the infrastructure needed to support growth from new developments in their areas.
You can find out more about this and how to respond to the consultation on our website www.queenelizabetholympicpark.co.uk/cil and through our consultation portal https://lldccil.commonplace.is/ .
Notes to Editors
The Legacy Corporation is consulting on its revised Community Infrastructure Levy Charging Schedule between 14th January and 15th February.
Queen Elizabeth Olympic Park
Spread across 560 acres of stunning parklands, Queen Elizabeth Olympic Park is home to beautifully landscaped gardens, historic waterways, famous sporting venues, a vibrant arts and events programme and the ArcelorMittal Orbit visitor attraction.
Queen Elizabeth Olympic Park opened in April 2014 following the 18 month transformation programme of the London 2012 Olympic Park. It is now home to six former Olympic and Paralympic venues, the Copper Box Arena, Lee Valley Hockey and Tennis Centre, Lee Valley VeloPark, London Aquatics Centre and London Stadium where visitors can take part in sport, enjoy watching world class athletes compete or experience concerts or arts and culture events. Visitors can also enjoy a birds-eye view of the Park from the two viewing platforms of the ArcelorMittal Orbit, the UK’s tallest sculpture, before experiencing an exhilarating ride on The Slide, the world’s tallest and longest tunnel slide.
As the new heart of east London, the Park is still transforming and will soon provide future homes, jobs and an unrivalled education and cultural district housing Sadler’s Wells, V&A East, UAL’s London College of Fashion and UCL East.
The London Legacy Development Corporation promotes and delivers physical, social, economic and environmental regeneration in Queen Elizabeth Olympic Park and the surrounding area by maximising the legacy of the London 2012 Olympic and Paralympic Games.
For more information visit our website (QueenElizabethOlympicPark.co.uk), sign up to our e-newsletter (QueenElizabethOlympicPark.co.uk/subscribe), follow us on Twitter (@noordinarypark) and like us on Facebook (facebook.com/QueenElizabethOlympicPark