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Publication - Research Publication

Introduction of an Infrastructure Charging Mechanism in Scotland: research project

Published: 20 Nov 2017
Part of:
Communities and third sector, Research
ISBN:
9781788514040

This research focuses on the options for an infrastructure charging mechanism.

6 page PDF

264.8kB

6 page PDF

264.8kB

Contents
Introduction of an Infrastructure Charging Mechanism in Scotland: research project
Annex C. Aggregate Funding Available from IGC

6 page PDF

264.8kB

Annex C. Aggregate Funding Available from IGC

The table below shows extracts from the calculations of aggregate funding available from IGC based on a summary of the value distribution estimates. The first group is for market and affordable housing.

Then an estimate is made for non-residential uses with IGC applied with the same thresholds of minimum value and rate formula as for residential.

The estimate of aggregate funding through the flat rate mechanism (at £30 psm) is shown below the estimate based on the non-linear formula.

Value band Ultra low Very low Low Median Mean High Very high Totals
GDV £k psm GIFA 0.600 1.154 1.726 2.045 2.222 3.158 4.167
Distribution
MH vol % 0% 10% 15% 25% 30% 15% 5% 100%
AH vol % 0% 40% 30% 20% 10% 0% 0% 100%
MH vol 0 1100 1650 2750 3300 1650 550 11,000
AH vol 0 1600 1200 800 400 0 0 4,000
Total - 2,700 2,850 3,550 3,700 1,650 550 15,000
0% 18% 19% 24% 25% 11% 4% 100%
MH sm - 85,800 138,600 242,000 297,000 156,750 66,000
AH sm - 124,800 100,800 70,400 36,000 - -
Total sm - 210,600 239,400 312,400 333,000 156,750 66,000 1,318,150
IGC take £m - - 7 15 19 15 8 65
IGC take to GDV 1.78% 2.37% 2.51% 3.05% 3.03%
Flat rate 0.030 0.030 0.030 0.030 0.030
Flat rate take £m 7 9 10 5 2 33
S75 take before AH £m - 26 43 52 33 15 168
AH plot value discount 80% 80% 80% 80% 80% 80% 80%
AH plot value £m - 10 11 9 7 - - 38
206
Non-residential
Retail 8% 10% 20% 25% 20% 13% 5% 101%
Offices 15% 25% 25% 13% 9% 7% 5% 99%
Factories 80% 10% 6% 3% 1% 100%
Warehouses 70% 15% 9% 4% 2% 100%
Other 40% 25% 14% 11% 5% 4% 1% 100%
Retail 5,200 6,500 13,000 16,250 13,000 8,450 3,250 65,000
Offices 9,000 15,000 15,000 7,800 5,400 4,200 3,000 60,000
Factories 104,000 13,000 7,800 3,900 1,300 - - 130,000
Warehouses 70,000 15,000 9,000 4,000 2,000 - - 100,000
Other 100,000 62,500 35,000 27,500 12,500 10,000 2,500 250,000
Total sm 288,200 112,000 79,800 59,450 34,200 22,650 8,750 605,000
Distribution 48% 19% 13% 10% 6% 4% 1% 100%
IGC take £m - -         0 2 3 2 2 1 10
Flat rate take £m - - 2 2 1 1 0 6

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