Council raked in £14m from charges on new-builds last year

The council made £14m from completed developments and is set to make a total of at least £21m once new developments are finished, reports Josh Mellor, Local Democracy Reporter

Credit: ewg3D via Canva

Levies on new developments in Waltham Forest brought in £14million in 2022/23.

Half the income came through the Community Infrastructure Levy (CIL), a fixed charge on developments that the council uses to fund local improvements such as station upgrades, park improvements, flood management and cycle lanes.

The majority of the other type of levy, known as Section 106, has been spent on council-led housing schemes, which includes shared ownership and social housing.

Income from new developments is even larger than the £14m Waltham Forest has already seen, as the council says it negotiated £21m through Section 106 agreements in 2023/24, but much of this will not be paid until developments are complete.

An annual report on levy income on new developments is due to go before Waltham Forest’s cabinet on 7th December.

This story is published by Waltham Forest Echo, Waltham Forest's free monthly newspaper and free news website. We are a not-for-profit publication, published by a small social enterprise. We have no rich backers and rely on the support of our readers. Donate or become a supporter.

CIL income reached a peak of £7m in 2022/23 and has brought in £30m since 2014/15.

The report says contributions from developers have funded “numerous tangible benefits” for the borough, including Sutherland Road Health Centre, Walthamstow Wetlands, cycle lanes, and other “public realm improvements”.

Major infrastructure projects funded by CIL include £9m to upgrade Leyton station, £2.6m towards Walthamstow Central station and £1.3m towards Fellowship Square, outside the town hall.

Waltham Forest’s infrastructure delivery plan for 2020-2035 sets out a range of other infrastructure improvements the council will fund or hopes to in the near future such as a new station at Ruckholt Road in Leyton, a new rail connection at the Hall Farm Curve which would link Chingford to Stratford directly and step-free access at St James Street Station.

For details of other priority infrastructure improvements, visit this link.

No news is bad news 

Independent news outlets like ours – reporting for the community without rich backers – are under threat of closure, turning British towns into news deserts. 

The audiences they serve know less, understand less, and can do less. 

In celebration of Indie News Week, Public Interest News Foundation's Indie News Fund will match fund all donations, including new annual supporter subscriptions for the month of June.

If our coverage has helped you understand our community a little bit better, please consider supporting us with a monthly, yearly or one-off donation. 

Choose the news. Don’t lose the news.

Monthly direct debit 

Annual direct debit

£5 per month supporters get a digital copy of each month’s paper before anyone else, £10 per month supporters get a digital copy of each month’s paper before anyone else and a print copy posted to them each month.  £50 annual supporters get a digital copy of each month's paper before anyone else.

Donate now with Pay Pal

More information on supporting us monthly or annually 

More Information about donations