What is an IFS?
In line with Government legislation, local authorities are required to produce an annual Infrastructure Funding Statement (IFS).
The IFS provides information on developer contributions, which are used to provide infrastructure to support development within the City to help mitigate development impacts.
The IFS includes information on the contributions required and received, and how financial payments have been used.
Developer contributions is a collective term used to refer to planning obligations, which are used to secure financial and non-financial contributions (known as Section 106 or S106 agreements).
An IFS will be produced at the end of each calendar year to report on the previous financial year. The 2021 infrastructure funding statement covers the period 1 April 2020 to 31 March 2021. The latest IFS (2020-21) and the previous IFS (2019-20) can each be viewed below.
On the 1st September 2019, the Community Infrastructure Levy (Amendment) (England) (No. 2) Regulations 2019 were published which introduced a new requirement into the Community Infrastructure Levy Regulations 2010 (“the Regulations”) for all Charging Authorities to publish a document, before the 31st December each calendar year, known as “the annual infrastructure funding statement”. An extract of the legislation is provided in Appendix 1 with Appendix 2 setting out a list of schedule requirements for the IFSs.
As Nottingham City doesn’t currently have a Community Infrastructure Levy, this document needs to contain a “section 106 report” about planning obligations in relation to the previous financial year. The document must be published on the Council’s website.
In addition, the IFS also provides an update on financial contributions collected through Section 106 Planning Obligations, including details of new planning obligations which were agreed upon during the reported year, the amount of money which was received during the reported year, the monies which have either been allocated or expended within the reported year and the amount of monies retained at the end of the reported year. The report also gives a breakdown of any non-monetary obligations.
Further to these statutory requirements the government recommends that local authorities also publish the raw data that informs the IFS. It is not a statutory requirement to release this data however; going forward it is hoped that improved procedures and reporting will allow this to happen for future reporting years.