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Regular news: Issue 534 4 Dec 2009

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Cambs sees big role for developer tax

Cambridgeshire County Council is waiting to hear whether the Government will approve its plans to pilot a new developer tax regime that could help deliver transport infrastructure across the county.

The council has submitted plans for a Tax Increment Financing (TIF) pilot whereby infrastructure needed to promote regeneration would be funded by borrowing against future national non-domestic rate (NNDR) receipts.

The Government indicated in the Budget that it was willing to consider piloting the...

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