My Lords, Amendment 81 stands in my name. We now return to the Mayor of London, as distinct from the lord mayor, and to Greater London, as distinct from the City of London. This amendment would enable the Secretary of State to include a requirement in the regulations for the community infrastructure levy—henceforth to be referred to as CIL—that in setting their CIL rates London boroughs should have regard to the policies of the London Plan. This simple addition to the mayor’s current powers to vet proposed CIL demands would give developers greater confidence in the CIL-setting process and that local and cross-London priorities are being effectively aligned. It would also ensure that the strategic priorities set out in the London Plan are the focus of localised spending for the good of the capital as a whole.
The mayor will continue to vet all local CIL charging schedules in London to ensure that they take the mayoral CIL rates into account. However, according to the mayor, many developers have expressed considerable concern about CIL, worried that substantial payments proposed by local planning authorities could make new and important developments unviable. According to the mayor, a handful of local CIL rates proposed by some London boroughs are now emerging that appear to be prohibitively high and could jeopardise London’s key developments coming forward, despite passing the regulatory tests of viability.
Therefore, the mayor strongly believes that it is vital that the risks to the delivery of strategic development objectives in London are minimised. He wants to ensure that he has strategic oversight over CIL payments that are being demanded from developers by boroughs and has the power to require amendments if payments would make an important strategic development potentially economically unviable. I beg to move.
9 pm