Issue - meetings

A report seeking Cabinet’s approval for the the publication of Oldham’s Infrastructure Funding Statement 2023-2024

The Cabinet considered a report of the Director of Economy, which sought approval for the publication of Oldham’s Infrastructure Funding Statement 2023 - 2024.

As required under the 2019 revised Community Infrastructure Levy (CIL) Regulations, the council had prepared an Infrastructure Funding Statement (IFS). The IFS provided a summary of financial contributions that the council has secured through section 106 (s106) agreements from new developments for off-site infrastructure works and affordable housing, in addition to highway works completed as part of new developments through section 278 (s278) agreements. The IFS was attached at Appendix One, to the report.

Options/Alternatives considered:

Option 1 - to approve the Infrastructure Funding Statement (IFS) 2023 - 2024 for publication on the council’s website and send it to the Ministry of Housing, Communities and Local Government (MHCLG). (Advantages – approving the IFS meets the requirements of the regulations and is transparent). (Disadvantages – there are no disadvantages to approving the IFS).

Option 2 - to not approve the Infrastructure Funding Statement (IFS) 2023 – 2024 and not publish it on the council’s website and not send it to MHCLG. (Advantages – there are no advantages in not approving the IFS.) (Disadvantages – not approving the IFS would result in us not meeting the regulations.)

The preferred Option was Option 1.

Resolved:

That the Cabinet approves the Infrastructure Funding Statement 2023 - 2024 for publication.