An interesting residents’ letter appeared on somersetlive.co.uk recently. The letter queries the level of Council tax that would be generated by the proposed developments near Bearwood.
Taking the approved Barratts David Wilson scheme for 324 homes to the south of Magna Road in isolation, the development would generate £3.2m over six years through the New Homes Bonus and an annual uplift of £490,200.00 from Council tax. Over the first six years the development would therefore provide over £6m which can be spent on local services.
Similarly, the development of new homes at Canford Park for a minimum of 800 homes would deliver Council tax uplifts in the region of £1.2m per annum and a New Homes Bonus payment of approximately £7m over six years. The Canford Park proposals would in Council tax and New Homes Bonus alone generate approximately £14.2m over six years which the Borough of Poole would be able to spend on improvements to local services.