Infrastructure Funding Statement (IFS)
On 1 September 2019, the Community Infrastructure Levy Regulations (CIL) 2010 (as amended) came into force, requiring that contribution receiving authorities must produce an annual Infrastructure Funding Statement (IFS).
The IFS provides a summary of all financial planning obligation activity relating to CIL and Section 106 (S106) legal agreements for the previous financial year where this is relevant to the County Council.
Each of Gloucestershire’s six district authorities (Tewkesbury Borough Council, Cheltenham Borough Council, Gloucester City Council, Forest of Dean District Council, Stroud District Council and Cotswold District Council) are required to report separately and publish this information in their own annual IFSs. These includes a full disclosure of S106 obligations on the planning application file and register and is intended to improve transparency and publicise that development is accompanied and mitigated by appropriate infrastructure.
S106 contributions are often paid in instalments over a number of years, so it is often the case that these funds are accumulated and only spent when the full contribution amount has been received. Contributions are often received from a number of different agreements that may be combined to be used towards a large infrastructure project. Often progress in delivering a scheme has to some extent been dependent on the timely accumulation of S106 funds.
The use of financial contributions is normally very prescriptive, being set out in the legal agreements, specifically to address and mitigate the impact of a particular development. There are strict conditions set out in legal agreements relating to the repayment of contributions if they cannot or have not been spent as required under the terms of that legal agreement.
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