Issue - meetings


Infrastructure Funding Statement 2022/2023

Meeting: 04/12/2023 - Executive (Item 68)

68 Infrastructure Funding Statement 2022/23 pdf icon PDF 387 KB

Report of Assistant Director – Planning and Development

 

Purpose of Report

 

To seek approval of the Council’s Infrastructure Funding Statement 2022/23 for publication by 31 December 2023 and to note the updated guidance removing the previous requirement to submit accompanying data to the Department for Levelling Up, Housing and Communities.

 

Recommendations

 

The meeting is recommended:

 

1.1          To approve the Infrastructure Funding Statement 22/23 at Appendices 1 and 2 to this report for publication by 31 December 2023, subject to any minor or presentational changes considered to be necessary by the Assistant Director – Planning and Development in consultation with the Portfolio Holder for Planning and Development.

 

Additional documents:

Decision:

Resolved

 

(1)           That the Infrastructure Funding Statement 22/23 be approved for publication by 31 December 2023, subject to any minor or presentational changes considered to be necessary by the Assistant Director – Planning and Development in consultation with the Portfolio Holder for Planning and Development.

Minutes:

The Assistant Director – Planning and Development submitted a report to seek approval of the Council’s Infrastructure Funding Statement 2022/23 for publication by 31 December 2023 and to note the updated guidance removing the previous requirement to submit accompanying data to the Department for Levelling Up, Housing and Communities.

 

Resolved

 

(1)          That the Infrastructure Funding Statement 22/23 be approved for publication by 31 December 2023, subject to any minor or presentational changes considered to be necessary by the Assistant Director – Planning and Development in consultation with the Portfolio Holder for Planning and Development.

 

Reasons

 

The publication of an Infrastructure Funding Statement (IFS) is a statutory requirement that provides transparency and accessibility to information about developer contributions secured by the Council through Section 106 Agreements.

 

The report has been produced in collaboration with Financial Services and the information contained within it is considered to represent the most robust data available at this time.

 

Alternative options

 

Option 1 – Not to bring forward and Infrastructure Funding Statement

This is not a lawful option and would leave the Council in breach of its statutory duty.

Option 2 – Seek review of the key statistics and proposed Infrastructure Funding Statement

Officers consider that this is not required as the information is the most available at this time.