Revealed: £2.8 billion in unspent Section 106 payments being held by councils

Two men in business suits have a discussion
The report from the Home Builders Federation gathered data from 171 local councils, which found £1.4 billion was left unspent from Section 106 contributions (Image credit: Getty Images)

It has been revealed that local councils in England and Wales possess £2.8 billion in unspent Section 106 payments from homebuilders.

The report from the Home Builders Federation (HBF), titled 'Section 106 Agreements and Unspent Developer Contributions in England and Wales,' claims that each local authority in England and Wales, on average, holds £8.2 million in unspent Section 106 contributions.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.