Developers are being offered a financial carrot to build in Roehampton.

Wandsworth Council has decided to encourage regeneration in the area by waiving fees for it when it introduces a Community Infrastructure Levy later this year.

The money raised from the levy will be used to improve the borough and community services.

Developers will have to pay an average of £250 per square metre to build residential developments elsewhere in Wandsworth, with no charge for building retail or office space.

In Nine Elms, which is the venue for a massive series of new residential developments, it will cost £575 per square metre to reflect likely property values and the need for a transport extension.

But there will be no tax in Roehampton in a bid to regenerate the area.

The draft charges were drawn up following consultation with local residents and the development industry.

Assistant director for planning and environmental services, Seema Manchanda, said: "Our levy must strike the right balance between affordability and securing the funding we need to support the new homes and jobs development projects bring to the borough.

"In Roehampton we have opted for a zero levy on all types of new development to ensure the area's regeneration programme remains viable and can go on unhindered.

"The tariff system will provide the industry with greater cost certainty and will offer residents a clear and direct benefit from development projects close to their homes."

The charges will be next discussed in the Town Hall on April 3-4.

Visit wandsworth.gov.uk/cil.