It is interesting to compare the Millbrook development in Exeter with PegasusLife’s at the Knowle, Sidmouth.
At Millbrook [the retirement complex in Exeter, Exeter City Council being the planning authority] the development was considered to be C3 (dwelling houses) and therefore attracted affordable housing provision which consisted of a payment to the Council of £5.65 million plus the transfer of land at no cost to enable the Council to construct a public extra care facility on the site. In addition the developer contributed almost £300,000 towards sports facilities and £35,000 towards archeological recording.
And what are PegasusLife, who are backed by Oaktree, a billion-dollar equity giant with offshore tax-haven connnections, contributing?
Answer: nothing, whether the development is adjudged to be C2 (residential institution) or C3. Unless of course, you include an information board to tell you where the elegant lawn terraces in the public gardens used to be.
So how many “affordable” houses (or other provision) is East Devon losing out on?