WHY IS THE DISTRICT COUNCIL DUE TO
GET £1.8 MILLION FROM DEVELOPERS?
The district council has a policy requirement that 35% of floorspace of all developments over a certain size has to fall within their definition of affordable housing. If a developer falls short of this and cannot put forward a ‘viability’ claim (ie. that the site is financially unviable with that level of affordable housing) then they must make a cash contribution instead.
The following sums have either been received by the council or will be due after certain events:
Kinwarton Farm Road, Alcester - four payments totalling £1,000,466.
Fulready Farm, Fulready - £150,000
Stratford Road, Wellesbourne - £175,000
Stratford Business Park - £497,841