The Council, which first consulted on the DCS earlier this year, has reduced the proposed rate for convenience-based supermarkets, superstores and retail warehousing from £195 per square metre to £135 per sq m.
For office developments in the 'City Fringe', it has reduced the draft rate from £215 per sq m to £120 per sq m and for office developments in North Docklands the proposed rate has been dropped from £100 per sq m to £60 per sq m. All other rates remain unchanged.
The Council said that, in response to representations received during the first DCS consultation, a review of the evidence base and updated viability work had resulted in a proposal for a reduction in the three rates.
The consultation will be open for comments until 2 December. The Council said it aims to implement CIL during the summer or autumn 2014.
Editor's note 04/11/13 This story has been updated to reflect the correct rates. We apologise for the error.
