£9bn developer contributions left unspent, says HBF

£9bn developer cash sits idle in councils across England and Wales

Councils are holding more than £9bn in developer contributions, intended to fund schools, healthcare and affordable housing. Research from the Home Builders Federation (HBF) shows local councils in England and Wales are sitting on more than £9bn in developer contributions. Around £3bn has been held for over five years despite agreements stating it should have been spent sooner.  To conduct the research, HMF surveyed 243 councils and found the fu…

Local authorities sitting on £9bn of developer contributions

Local authorities in England and Wales are sitting on more than £9 billion of developer contributions intended to fund essential local infrastructure such as schools, public transport and affordable housing. The findings come from a Freedom of Information (FOI) survey by the Home Builders Federation which also revealed that about £3 billion of the total has been held for more than five years. READ THE FULL ARTICLE

Councils face ‘capacity crisis’ of unspent developer funds

More than £9bn in unspent developer contributions is being held by councils, the Home Builders Federation (HBF) has found.

Local authorities have £9bn in unspent developer contributions, ...

Councils have previously highlighted complexity of getting money out of the door

£9bn developer contributions left unspent, says HBF

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