About the Infrastructure Funding Statement

Local authorities are required to produce an Infrastructure Funding Statement (IFS). This statement should report on developer contributions from section 106 agreements (S106) and the Community Infrastructure Levy (CIL). The IFS should be produced on an annual basis for the financial year (1 April to 31 March).

As Stockport does not have a CIL in place, our IFS only reports on S106 planning obligations. This year’s update includes income and expenditure relating to:

  • affordable housing
  • open space
  • sustainable transport
  • biodiversity net gain
  • monitoring fees

Developer contributions

Planning obligations are the primary means of securing local infrastructure, including facilities and services that are essential for allowing any particular development to take place. The key process for S106 agreements is split into the following categories.

Agreed

S106 agreements are entered into during the planning application process

Received

Monies are received following the grant of planning permission. Often developers are required to provide contributions prior to the commencement of the development. However, the agreement can require this at other stage of the development process. Developers are not required to pay the S106 contribution if they do not proceed with the development.

Allocated

Contributions that have been received and allocated to specific projects.

Spent

Contributions that have been spent. The money will only be spent once it has been allocated.

Retained

This is the remaining money which we have not yet been spent. Retained fees are made up of both allocated and unallocated money.