Over £8bn of developer contributions sat in local authority bank accounts, HBF finds

Oct 21, 2024 18:15

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Over £8bn of developer contributions sat in local authority bank accounts, HBF finds

The HNF estimates that local authorities in England and Wales are sitting on more than £8bn of infrastructure payments made by developers, including over £6bn from Section 106 agreements and almost £2bn raised through the Community Infrastructure Levy (CIL). The post Over £8bn of developer contributions sat in local authority bank accounts, HBF finds appeared first on Property Week.

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Over £8bn of developer contributions sat in local authority bank accounts, HBF finds