
Unlocking the value of Section 106 contributions
May 20, 2025
A recent report by the Home Builders Federation estimates that local authorities currently hold over £6bn of unspent Section 106 developer contributions.
We are pleased to share our Article on the OFGEM Electricity Charges. As always, if you would like to understand how these changes will affect your development, then please contact us and we will be happy to assist
Following the OFGEM published Access and Forward-Looking Charges Significant Code Review: Final Decision document in May 2022 regarding significant changes to the electricity charging arrangements, Brookbanks are delighted to hear that these are planned to go ahead in April 2023.
Currently, developers will be required to pay proportions of the required upgrade works when the local network is at/close to capacity. Adding significant offsite routing costs can result in substantial costs to developers. However, at long last, this matter is looking like it is finally coming under at least some semblance of control.
The changes are likely to lessen financial issues to developers when significant reinforcements and developers will no longer be required to fund straightforward reinforcement works, depending on the threshold, for the majority of Sites. This will mean that a substantial element of large costs currently being seen on quotations could be eliminated.
There are still some limitations, including:
Brookbanks are currently working with and liaising with DNO’s across the country to understand further implications of these changes, to ensure our clients receive the best value outcome for their Site.
If you would like to understand how these changes will affect your development, please contact us and we will be happy to assist.
A recent report by the Home Builders Federation estimates that local authorities currently hold over £6bn of unspent Section 106 developer contributions.
UK Housing Market Update – April 2025: April brought a mixed picture for the UK housing market, reflecting both positive momentum in some areas and persistent structural challenges in others. From house price trends to construction sector performance and regulatory hurdles, here’s a comprehensive round-up of the month’s key developments.
With the new Trump tariffs and mounting global economic pressures, many businesses are facing renewed uncertainty.