What is Section 106 money?
THIS is money that developers of larger sites pay to the council to reduce the impact of the development.
Developers sign a Section 106 agreement as part of their planning permission. This is a legal document that specifies what the money is spent on and where.
For example, Section 106 money is used to make improvements to highways, parks, public transport and schools.
Often the money will only be released once a "trigger" point is reached – for example a certain number of homes being built. Contrary to popular belief, there is not one Section 106 money pot that can be dipped into.
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Section 106 money that has been linked to transport and highways as part of a developer's planning approval, for example, cannot then be used for an education or open spaces project.