Infrastructure Funding Statement 2024-25
Chapter 7- Estimated future income from signed S106 agreements
Whilst it is difficult to predict what future S106 income might look like due to a number of uncertainties around site delivery, the Council is able to examine the current levels of infrastructure provision in existing S106 agreements that are yet to be received. This section provides a picture of how much funding could be received from developer contributions (S106 agreements) if everything that has been agreed in currently signed S106 agreements is paid at the amounts listed (note many financial contributions are subject to indexation so figures are likely to increase as they are collected in future years).
The dashboard below provides the estimated future income amount, that the Council are responsible for collecting, by infrastructure figure by adding up all the pending S106 payments that have been agreed but not yet triggered, up to 31 March 2025.
The total estimated future income figure from agreements up to the 31st of March, that have not yet been received is approximately £8.7M.
The anticipated payment terms have been estimated based on the current status of the development, for example whether the site has full consent or is under construction, and the ‘trigger points’ set out for payment terms in the S106 agreement i.e., ‘prior to commencement’, ‘upon completion of 50 dwellings’ or ‘upon occupation of all dwellings’. Where there are several trigger points, one S106 infrastructure requirement could be split over more than one payment term.
All details of future income can be found on the S106 2024-2025 transactions and future income spreadsheet
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