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Property Week analysed the infrastructure funding statements (IFS) of every local planning authority in London that has published details of the developer contributions received and spent up until the financial year ending 30 March 2020.
Of the at least £1.288bn unspent as of 30 March 2020, around £914m is from Section 106 contributions and nearly £374m from CIL payments.
The findings echo a 2019 Property Week investigation, which found that at least £2.5bn – or 63% – of the money English councils had been paid by developers had not been spent.
The current figure for London could be higher still, as seven planning authorities – the boroughs of Lewisham, Ealing, Enfield, Kingston and Newham, plus the City of London Corporation and Old Oak and Park Royal Development Corporation – have yet to publish an IFS, despite being required to do by law by the end of last year.
Around a third of those that did publish an IFS provided data that was incomplete.
In 2019, legislation was introduced requiring planning authorities to publish an IFS by the end of last year, detailing how much they had collected in CIL and S106 payments for the financial year 2019/2020.
Last month, Property Week revealed that 71 out of 352 English local planning authorities had still failed to publish an IFS as of 18 February.
Nicola Gooch, planning partner at Irwin Mitchell, said the London authorities’ failure to spend the £1.29bn showed CIL is not achieving what it was intended to achieve.
She added: “They have not spent it; they should spend it – it is there to be spent. The intention is that it goes on infrastructure delivery.”
A spokesperson for the Local Government Association said: “Councils want to see money from Section 106 agreements and CIL spent on delivering the infrastructure and services that communities need. But this can be a complex process and can take time, with the objective of making the right long-term investment decisions.” More
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The fact that a playground was installed on site before launch is a clear sign that The Hawthorns in Tullamore, Co Offaly, is a development geared towards both family and the future.
These superb new houses from Glenveagh Homes have three beds starting from €250,000 with two beds also available in future phases.
Homes at The Hawthorns have been designed for family living with spacious and fluid layouts enhanced by bright and airy hallways and big, high-spec windows to make the most of the natural light.
The rooms are all designed with modern life in mind, with large living areas and kitchens ideal for family get-togethers. The bedrooms are also spacious, providing a perfect sanctuary to rest after a busy day.
The flexible spaces throughout the homes at The Hawthorns can be configured to suit your family’s individual needs. Rooms are large and comfortable with open-plan living and dining spaces along with a high-spec modern kitchen.
The exterior of the homes are very attractive with a tasteful mix of brickwork. Internally walls are painted through the home with contemporary skirting and architraves finished in an off-white satin paint.
The homes also come equipped with generous lighting and power points and switches with smoke detectors and heat detectors fitted as standard. Homes at The Hawthorns also feature an A-rated condensing Samsung heating pump heating system which is thermostatically controlled to maximise your comfort. All homes are also pre-wired for an Electric Vehicle charge point.
Upstairs Shaker-style fitted wardrobes are supplied in the master bedroom while each home is covered by a 10-year HomeBond structural guarantee.
Tullamore itself has much to offer. One of the biggest towns in the Midlands it has a host of great local services and amenities from pubs and restaurants to schools and a hospital. The area also offers stunning scenery and walks with the Slieve Bloom Mountains and Charleville Castle popular places for people to stretch their legs.
For a great day out, a quick 20 minute drive will take you to Lough Boora Discovery Park, a 2,000 hectare facility filled with walking and cycling trails, unique outdoor sculptures, a fairy trail, stunning scenery and countless species of birds and plants. The beautiful Grand Canal Way also offers some stunning walkways as well as many water-based activities.
In normal times Tullamore is a buzzing hive of activity every day. The town centre offers a wide range of local and mainstream shops while the Bridge Centre is the Midlands’ premier shopping centre, housing both a six-screen cinema and over 30 stores.
There is also a fine selection of sporting facilities nearby including Tullamore Golf Club, Tullamore Tennis Club, Tullamore Rugby Club, Leah Victoria Park, Tullamore GAA Centre and Aura Tullamore Leisure Centre. Esker Hills Golf Club is also home to 2019 Open Championship winner Shane Lowry while just a short stroll from The Hawthorns Lloyd Town Park offers a fabulous children’s playground, a bowling green and a skate park.
The town also boasts excellent transfer links. Tullamore Train Station is a short seven-minute drive from The Hawthorns with a regular train service bringing you to Heuston Station in Dublin within an hour. The AirCoach also offers a fast and frequent service to Dublin Airport while for motorists the M6 interchange is just 12km away, providing access to Galway and Dublin as well as many other main roads across the country.
For further details on The Hawthorns check out Glenveagh Homes website www.glenveagh.ie, call selling agent Dillon Marshall New Homes on 087 9497769 or check out the development on MyHome.ie at www.myhome.ie/4459393 More
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