🌱📑 Demystifying Mindful Regeneration: S106 Agreements and Social Value 🌳When new developments are planned, councils often require developers to sign Section 106 agreements (S106). These legally binding agreements ensure that developers contribute to local communities impacted by their projects. But how do S106 agreements work? And how are the funds used? Let's break it down: ➕ Calculating Contributions: Contributions are based on factors like development size, type, and council guidelines. Often calculated per unit or square footage, they're negotiated individually, ensuring positive community contributions without overburdening services. 💷 Utilisation of Contributions: S106 funds are used in various ways: 🏠 Affordable Housing: Developers either build affordable housing or contribute to funds for future builds. 🚌 Local Infrastructure: Improvements can include roads, transport, parks, or community facilities. ✏️ Education: S106 funds can support schools, classrooms, and resources. 🏥 Healthcare: Contributions may fund new clinics or support existing facilities. 🌿 Environmental Improvements: Funds can improve local environments, creating green spaces or supporting wildlife habitats. 💸 Transparency and Spending: While S106 funds must be spent according to agreements, there's no geographic requirement. This allows councils to pool contributions for larger projects benefiting wider areas. Many councils now publish S106 information, demonstrating funds are spent transparently and effectively. 💡Innovative Usage: Some councils use S106 funds in innovative ways: ❇️ Co-working Spaces: Creating affordable workspaces for entrepreneurs and freelancers. ✳️ Community Gardens: Providing green spaces for residents to grow food and learn about sustainability. 🟢 Green Energy Projects: Supporting renewable energy projects, reducing carbon emissions, and promoting sustainability. 🟩 Digital Skills Programs: Funding programs teaching residents to use technology, preparing them for digital economy jobs. ✅ Cultural and Artistic Projects: Supporting local arts initiatives like public art installations, theaters, or music festivals. 🌇 Examples: 🦖Cambridge City Council: Created Cambridge Science Park, a tech hub promoting local economic growth and job creation. 🦎 Southwark Council: Funded Bankside Open Spaces Trust, creating numerous public gardens, parks, and green spaces. 🐢 Bristol City Council: Supported Bristol Energy Cooperative, generating renewable energy and reinvesting profits into local sustainability projects. I would love to hear your experience and what you wish would have happened… Next up: Green New Deal, proposed legislation in the US aimed to address climate change and economic inequality. #mindfulregeneration #S106 #Section106 #innovation #DoingThingsDifferently #publicfunding #socialvalue Pepper Barney FRSA FIPM The Mindful Regenerist
Section 106, Inhave a crush on you. We have nothing like this widely known or broadly applied in the US, but we desperately need these types of prompts to draw developers - and business minded humans in general - to do good. Thank you, as always, Natascha, for playing it on the big screen!
Landscape Architect & Urban Designer
6moNatascha have you looked at what happens to unspent S106 funds?