The total amount of CIL collected before the reported year and allocated to projects within the reported year = £1,112,923. The value of retained CIL receipts at the end of 2023/2024 = £2,465,059 (net of accruals representing receipts owing as of 31/3/24 and includes a correction for misattributed spend and miscoding in previous years that has resulted in an uplift of available CIL by £670,000). All but £517,059 was allocated to upcoming projects in the following two financial years as set out in table 9 below (figures in some instances have been rounded to the nearest £1,000). The retained funds incorporate £1,863,727 collected within the reporting year and retained at the end of the reporting year, £1,569,455 of which is BCIL and £294,272 is NCIL, with the balance from previous years and retained at the end of the reporting year (all of which is Neighbourhood CIL).

CIL administration

Up to 5% of CIL funds and 4% of Mayoral CIL can be retained annually to cover administrative expenses (as per the CIL Regulations, as amended). The total CIL administrative expenses collected and spent in 2023/2024 was £145,817 (4.6% of total funds collected in that year).