17 JUN 2019
RICS has been working with the Ministry of Housing, Communities and Local Government (MHCLG) to develop a new index.
The Community Infrastructure Levy (CIL) is a planning charge that came into force via the Community Infrastructure Levy Regulations 2010.
The MHCLG has conducted a review of the 2010 Regulations and has published the revised legislation for local authorities in England under the Community Infrastructure Levy (Amendment) (England) (No.2) Regulations 2019.
In support of the 2019 Regulations, MHCLG approached RICS to develop an annual index for updating the CIL charges published by local authorities in accordance with the 2019 Regulations.
The annual index will be known as the RICS Community Infrastructure Levy Index (or RICS CIL Index) and will free to access from the RICS website. The 2019 Index will be published in October 2019 and updated annually thereafter.
MHCLG and RICS share a common commitment to gaining recognition of the Index in support of the 2019 Regulations and promoting its availability to the development and planning sector and other built environment professionals who could make use of the Index.
The government response to the consultation is available here.
The CIL regulations, which were laid before parliament on 4 June 2019, are published online and, subject to parliamentary approval, will come into force on 1 September 2019.
BCIS works with governments, clients, and contractors to develop special indices, forecasts and data analysis. For further information contact David Crosthwaite.