Finance - CIL Reports
The Community Infrastructure Levy (CIL) is a mechanism for raising funds for essential infrastructure from some development. The levy is an amount that must be paid per square metre of the qualifying development. A key element of the Community Infrastructure Levy (CIL) is that a proportion of the money secured for development is passed on to the relevant Town or Parish Council where that development has taken place, known as the Neighbourhood Fund. These fund must be used “to support the development of the local area by funding: (a) the provision, improvement, replacement, operation or maintenance of infrastructure; or (b) anything else that is concerned with addressing the demands that development places on an area".
Under the Government’s CIL Regulations, there is a requirement for those Town or Parish Councils in receipt of this money, as well as the Borough Council, to formally report details of this each year for the preceding financial year. The latest report for Oakley & Deane Parish Council is below, further reports, and information on other Parishes, can be found on the Basingstoke & Deane website: www.basingstoke.gov.uk/cil-town-and-parish-spending
For any queries about CIL payments please email: [email protected]