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Instalments policy

To help with developer finance and to try and make sure that development is deliverable the Council allows CIL payments, above a certain amount, to be paid in instalments.  

You should refer to the payments by instalments policy (PDF 15kb) for full details.  However, a quick guide to the instalments policy can be found in the table below.

The Council will allow payment of CIL by instalments as follows:

CIL Amount due Number of Instalments Payment period
Less than £15,000 1

100% payable within 3 months of commencement

 

Over £15,000 up to £50,000 2

50% within 3 months of commencement

50% within 6 months of commencement

 

Over £50,000 up to £100,000 2

50% payable within 6 months of development

50% payable within 12 months of commencement

Over £100,000 up to £250,000

25% payable within 3 months of commencement 

25% payable within 6 months of commencement

50% within 12 months of commencement

Over £250,000 up to £500,000 3

25% payable within 6 months of commencement 

25% payable within 12 months of commencement

50% payable within 24 months of commencement

Over £500,000 5

10% payable within 6 months of commencement 

15% payable within 12 months of commencement

25% payable within 18 months of commencement

25% payable within 24 months of commencement

25% payable within 30 months of commencement