Issue - meetings

Infrastructure Funding Statement

 

 

Meeting: 15/12/2020 - Cabinet (Item 12)

12 Infrastructure Funding Statement pdf icon PDF 201 KB

Additional documents:

Minutes:

Background:

 

This report provided details of the Infrastructure Funding Statement (IFS) which set out information on developer contributions.

 

The report explained that it was a statutory duty of any authority that received a contribution from development through section 106 planning obligations or a Community Infrastructure Levy to prepare an IFS. Councils must publish annually details of receipts, expenditure and proposed spend of developer contributions. This first IFS, set out at Appendix 1 to the report, reported on the financial year 2019/20 and indicated the Council’s priorities for investment in future years to provide for the sustainable growth of Medway.

 

Decision number:

Decision:

170/2020

The Cabinet approved the publication of the Infrastructure Funding Statement, 2020 as set out at Appendix 1 to the report.

 

Reasons:

 

To satisfy the requirement to publish an Infrastructure Funding Statement by 31 December 2020.