Developers paid out £3.2 million in Section 106 (S106) contributions last financial year which are designed to mitigate the impact of their development and just over £1 million of that money came from clawback agreements.
Councillor Derek Antrobus, lead member for planning and sustainable development, said:
Quote“Salford has one of the best track records in Greater Manchester for attracting S106 money and this demonstrates the success of our clawback policy.
“National planning law allows developers to submit viability assessments if they believe their scheme would not be viable if they had to pay the whole S106 contributions. Salford City Council negotiates contributions to be paid when the scheme is built and if viability improves – and this is what we are seeing here.
“That money has or will help to provide construction training for local residents, expand local schools, carry out a range of improvements from children’s play equipment to Walkden railway station and towpaths on the Bridgewater canal and create new cycling and walking routes. It has also helped provide another 16 new, affordable homes on the Burgess Farm and Birch Road developments in Walkden. That brings the total of S106 funded affordable homes delivered or planned to 126 across the city.
“In addition to this, we signed 21 agreements to bring in a further £3.3 million when developments are complete and viable. Most of that money is earmarked to improve and maintain children’s play areas and parks across the city, with the rest going towards improvements to public areas, transport and highways, the environment and affordable housing.”
However, some would disagree: http://www.salfordstar.com/article.asp?id=4641
Main Photo: SV Stock
Edited by KARL
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