6.0 Review of current scheme

6.0 Review of current scheme

The existing Development Contribution Scheme was an ambitious scheme with an expected yield of approximately €24m. To date €14.37m has been receipted from 2017-2021 accounting for circa 60% of the overall expected yield. In line with the National Planning Framework, the Regional Spatial and Economic Strategy for the Southern Region and the Draft Limerick Development Plan, it is considered necessary to make a number of changes to the Development Contribution Scheme as follows:

• The projected population growth and associated requirement for housing has been aligned with the forecasts in the National Planning Framework, the Regional Spatial and Economic Strategy for the Southern Region and the Draft Limerick Development Plan;
• Change of use applications will be subject to contributions at the appropriate current rate less the existing use;
• Replacement applications will be subject to development contributions charged on any additional floor area.
• New charge introduced for Gyms;
• New charge introduced for Medical Services(including but not limited to doctors surgeries/dentist surgeries/physiotherapist/hospitals/primary care centre/veterinary clinic)
• Commercial charges introduced for development in the Regeneration Areas;
• Charges removed for Telecommunication structures in line with the guidance set out in Circular PL03/2018;
• Increased charges for residential, commercial and other categories of development.