Millions of community cash not yet spent
PUBLISHED: 08:51 29 July 2015 | UPDATED: 08:51 29 July 2015
More than £7million given to North Somerset Council over the past decade to offset building projects has not yet been spent.
Developers are often required to pay section 106 money to offset the impact of their projects. The money can be spent on infrastructure such as creating extra schools places or building roads, right through to providing affordable housing and funding more library services.
But new figures show about £7.1million received by the council since 2004 has not been used yet.
The council says often it has to hold on to money as it forms part of a larger scheme and the rest of the funding is not ready for it to proceed.
One example includes tens of thousands of pounds earmarked for Congresbury, as part of the development at Mill Lane have yet to be spent. The cash includes money for a crossing at the point where High Street and Brinsea Road meet, near The Plough Inn.
The idea, as previously reported by the Times, has been discussed for several years and the parish council is finalising the type of crossing it would like.
The work is expected to be carried out in the next 12 months.
The council spokesman said using the section 106 money remained a priority for the council
He said: “We know new developments require all types of infrastructure and support and these agreements ensure developers make a fair contribution towards meeting the needs of the people who live on those developments.
“The money from these agreements is for dealing with the impact of the development and agreements are usually written in a way to make that intention clear.
“In some cases the sums of money secured through section 106 form part of a larger funding package that needs to be secured so a project or service can be delivered.”