Crossrail levy

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3520
Question By: 
Richard Tracey
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

Since you have granted developers in Nine Elms with an exemption from the Crossrail levy, will you offer a similar exemption to Merton businesses who would rather contribute towards their local BID than Crossrail?

Answer

Answer for Crossrail levy

Answer for Crossrail levy

Answered By: 
The Mayor

The areas within which it is proposed that the policy to enable contributions towards Crossrail to be raised through the planning system are shown in annexes 1 and 2 of the draft supplementary planning guidance on 'Use of Planning Obligations in the Funding of Crossrail' - basically central London and the northern part of the Isle of Dogs. Paragraph 4.24 of the draft guidance explains circumstances in which it might be appropriate to seek contributions elsewhere, but I think it is unlikely that sites in Merton will be caught by them.

There is a separate funding stream for Crossrail based on a proposed Business Rate Supplement (BRS), which is being taken forward, under different legislation. The BRS will be paid by occupiers of buildings with a rateable value of more than £50,000. I have published a draft prospectus on my proposals for a BRS which made clear my intention to charge the full 2p across Greater London and I am currently considering the responses to consultation. The BRS legislation does not permit me to make area-based exemptions.