East Devon has more than £5 million of unspent money from developers – topping Exeter and Plymouth for non-spending

A Freedom of Information request revealed East Devon has received nearly £8.4 million from developers of Section 106 money, of which it has spent only about £4.4 million.

The exact amount not spent is £5,139,000.

Section 106 contributions are paid to local authorities by developers when planning permission is agreed. The contributions are discussed and agreed before developments are given the go ahead. The money is ringfenced for certain projects and has to be spent within a time period – usually five years [after that the money is lost and can never be reclaimed, any interest on the money is presumably retained by EDDC].

It is by far the highest amount of all the local councils which responded.

Exeter has £872,183 unspent; Teignbridge nearly £4 million; Plymouth nearly £2.5 million.

https://www.devonlive.com/news/devon-news/councils-millions-pounds-developers-cash-1951395