Thread by @Andrewwood17

73% of new money paid by developers for new infrastructure in Tower Hamlets is earned in the Isle of Dogs & South Poplar area
BUT
only 34% of that money is planned to be spent in this area even though the GLAs consultants were clear that 100% had to be spent in this area
1/

This relates to Community Infrastructure Levy (CIL) paid by developers to the Council to pay for new infrastructure e.g. GP surgeries, schools, bridges etc
It replaced s106 from April 2015, but buildings approved before April 2015 pay s106 cash & afterward pay CIL
2/

So for example IoD & S Poplar (area below E East India Dock road) has earn't £56.7 million in CIL, £77.8 million across TH up to May 2020
But in the 1st pic is my attempt to calculate how much CIL has been budgeted to be spent here, £12 million in Cabinet papers versus £22.8 m
3/

elsewhere in TH.
It includes s106 as many projects are being funded by both sources of money
25% of the £56.7 m should be spent locally (more later) in this area.
The new South Dock pedestrian bridge has been the only project that has really had much spending so far & going
4/

forward. It is years behind schedule.
GLA consultants working on the Isle of Dogs & S Poplar Opportunity Area Planning Framework said that even if 100% of money earned locally was spent here there would still be a funding gap.
The more money spent elsewhere (in areas with less
5/

development which means they generate less CIL & s106) means a bigger funding gap and it is unclear how that will be funded.
Part of the backup is here, item 6.8 but spreadsheet combines information from multiple sources to try & understand CIL spending
democracy.towerhamlets.gov.uk/ieListDocument…
6/