Thank you for your answer to my question 2021/1481. You told me: “I understand the concerns raised by residents, particularly about the RPI increases in the charge, and these will be looked into.” Could you update me on these investigations into the RPI increases in the fixed estate charge?
I have asked the LLDC to undertake a review of the Fixed Estate Charge, which as I explained before, provides an important revenue stream for the long-term management of the Park to the standards expected by local residents and businesses.
Part of this review will include considering whether the Retail Prices Index (RPI) remains an appropriate basis for the indexation of the charge. I anticipate that the review will commence this Autumn and views will be sought from local residents and businesses.