Title

FINANCE

The £8bn opportunity sitting in council bank accounts

Mark Shearer says having billions of pounds in unspent Section 106 and Community Infrastructure Levy (CIL) funds locked away is a luxury we can’t afford and its value needs to be released.

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We hear a lot about the financial pressures facing local authorities. What we hear less about is the £8.1bn in unspent Section 106 and Community Infrastructure Levy (CIL) funds currently sitting in council bank accounts across England.

That figure comes from the last government's own data. It's money already committed for community benefit – to fund affordable housing, parks and infrastructure, youth centres, community skills, public services. But it's not being spent. Not fast enough. Not widely enough. Not transparently enough.

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