Infrastructure Funding Statement
Infrastructure Funding Statements (IFS) are a new legal requirement beginning with the financial year 2019/20 that detail information relating to planning obligations (often referred to as section 106 or legal agreements). The statement includes information on obligations that were signed during the reporting year and what contributions are due from them, which includes financial and non-financial contributions such as affordable housing, green infrastructure and community facilities. The statement also includes information on any monies arising from planning obligations that have been received, spent or transferred during the reporting year as well as all the current sums the Council are holding from planning obligations, regardless of what year they were received.
The Community Infrastructure Levy (Amendment) (England) (No. 2) Regulations 2019) came into force on 1st September 2019 and introduced the requirement to publish an Infrastructure Funding Statement (IFS), commencing with the financial year of 2019/20. The requirements seek that the first report be published by the 31st December 2020 and then annually thereafter. The IFS sets out how developer contributions have been used to provide infrastructure within Torridge District Council during the reporting year as well as any provisions that have been agreed to be delivered in the future. The statement provides a summary of financial and non-financial developer contributions within the district, along with setting out the aspirations and future priorities that the Council have in securing and funding infrastructure. Such contributions are secured under planning obligations, which may also be referred to as section 106, s106 or legal agreements. Section 106 of the Town and Country Planning Act 1990 (as amended) provides a mechanism that can be used to mitigate the impact of development that would otherwise be unacceptable in planning terms. Development can generate a need for infrastructure to be provided, whether in the form of a new requirement or the upgrade of an existing provision. A planning obligation can be used to seek contributions as part of the development when it would have adverse impacts that cannot be managed by implementing conditions through the planning permission.
The latest Infrastructure Funding Statement for the period 1st April 2022 to 31st March 2023 is available below:
Infrastructure Funding Statement (IFS) 2022/2023 (PDF) [905KB]
Infrastructure Funding Statement (IFS) 2021/2022 (PDF) [1MB]
Infrastructure Funding Statement (IFS) 2020/2021 (PDF) [645KB]
Infrastructure Funding Statement (IFS) 2019/2020 (PDF) [636KB]
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