Draft Charging Schedule

Object

Representation ID: 68039

Received: 10/04/2015

Respondent: WM Morrisons Supermarkets PLC

Agent: Peacock & Smith

Object to proposed CIL rate of £105/sq m for convenience based supermarkets, superstores and retail parks.
Previously supported proposed £75/sq m charge set out in preliminary draft charging schedule as this was unlikely to harm viability.
Acknowledge that the Draft Charging Schedule has been informed by a Viability Assessment Update Addendum Report prepared by BNP Paribas (November 2014), but client is gravely concerned that the proposed £105/sq.m charge will have a significant adverse impact on the overall viability of future (large) convenience based retail development in the district, particularly when taking into account other local infrastructure works and other contributions as part of S106 agreements.
Draft charge will put undue additional risk on the delivery of foodstore proposals and will be an 'unrealistic' financial burden posing significant threat to new investment and job creation, especially in regeneration areas.