Community Infrastructure Levy Modifications 2017
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Community Infrastructure Levy Modifications 2017
CIL Modification 3
Representation ID: 70556
Received: 15/06/2017
Respondent: The King Henry VIII Endowed Trust, Warwick
Hampton Magna should remain in Zone A as house and land values in Hampton Magna are lower than Warwick, which is in Zone A.
There is no evidence to support moving it to Zone D.
BNP Paribas' report on CIL Viability Study (2014) states that "schemes located in Warwick and the surrounding lower value rural areas are unlikely to be able to make substantial CIL contributions as well as making a meaningful affordable housing contribution".
We are objecting to Mod3 - the amendment to the zoning map with regard to Hampton Magna. This moves Hampton Magna from Zone A to Zone D.
We have not seen any evidence to support or justify the proposed modification. It would appear that the proposed modification stems simply from a request by the Parish Council to bring the village in line with other villages in Budbrooke parish. Nowhere else does the zoning appear to strictly follow parish boundaries.
It is our understanding that the CIL zoning map is based on an informed view on benchmark land values and the viability of development sites being able to meet different levels of CIL. In this respect, we would note that property prices (and therefore land values) in Hampton Magna are lower than in much of Warwick, which is in Zone A. We also note that the CIL Viability Study (2014) prepared by BNP Paribas Real Estate states that "schemes located in Warwick and the surrounding lower value rural areas are unlikely to be able to make substantial CIL contributions as well as making a meaningful affordable housing contribution" (para 6.19). We agree with this finding.
We see no evidence that the proposed modification should be accepted and request that the "white area" on the zoning map (Hampton Magna) remains in zone A.
