Section 106 agreements are a type of planning obligation that can be attached to a development proposal. These agreements are legally binding and require developers to either complete certain works or make financial contributions to mitigate the impact of a proposed development on the local community or infrastructure.
Section 106 agreements are often used to address issues such as affordable housing provision, improvements to local infrastructure, and contributions towards social and community facilities. They are typically negotiated between the local planning authority and the developer as part of the planning process.
One of the key benefits of section 106 agreements is that they can be tailored to the needs of the local area. For example, if a proposed development is likely to have a significant impact on local transport infrastructure, a section 106 agreement might require the developer to make a financial contribution towards improving public transport links.
Another benefit of section 106 agreements is that they can be used to ensure that new developments include a proportion of affordable housing. This is particularly important in areas where the cost of housing is high and there is a shortage of affordable homes.
Section 106 agreements can be complex and require specialist legal advice to ensure that they are legally binding and enforceable. They are also subject to periodic review to ensure that they remain relevant and up-to-date.
In conclusion, section 106 agreements are an important tool for ensuring that new developments have a positive impact on local communities and infrastructure. They enable developers and local planning authorities to work together to address issues such as affordable housing provision, transport infrastructure, and social and community facilities. If you are involved in a development proposal, it is important to seek specialist legal advice to ensure that any section 106 agreement is legally binding and appropriate for your specific circumstances.