£9bn in developer contributions ‘unspent’
£9bn in developer contributions ‘unspent’
Funding provided as part of planning agreements for new homes, intended for improvements to local infrastructure and amenities, is sitting idle in council accounts, according to research by the Home Builders Federation (HBF).
The money paid as part of planning agreements for new housing developments includes £6.6 billion from Section 106 agreements and more than £2.2 billion raised through the Community Infrastructure Levy (CIL).