Proposals to give local authorities flexibility on how they spend levies charged on development projects could give councils the “easy option” to reduce local investment, MPs have warned.
Norfolk County Council is set to use community infrastructure levy income to finance debt repayments on new loans to help meet a £46m gap in its school building programme.
Councils could speed up infrastructure and affordable housing delivery by borrowing against its proposed new infrastructure levy according to the government’s consultation on planning reform.
Proposed planning reforms announced today could raise more money for affordable homes and infrastructure by replacing the current system of developer contributions, according to the government.
