The Major of London is being called on to change plans to charge new office developments in the capital to fund Crossrail developments.
London Councils, which represents London’s 33 local councils, warns the current tariff proposals threaten to jeopardise projects in the pipeline for London.
Boris Johnson plans to collect £300m in planning contributions from office developers in London and other selected areas for the Crossrail development.
But London Councils believes this will deter developers from building offices, depriving the capital of much needed jobs and in turn delay the city’s economic recovery.
It added that the charges could also reduce other developer contributions which help fund affordable housing and local improvements.
In response the group is calling on the Major to extend the tariff to retailers and hotels, therefore reducing the amount that each development would have to pay.
It is also calling for the system to collect contributions to be put in place to ensure the needs of local areas in the capital are not overlooked.
London Councils’ chair Merrick Cockell, said: “Crossrail will be of immense benefit to London and its surrounding areas, providing quick and easy access from the capital to the rest of the South East.
“But the Mayor must understand that the benefits do not outweigh the need for affordable homes and local transport improvements.”
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