Torridge 2

This site in Torridge originally had outline planning permission for the development of 143 dwellings. A new hybrid application was submitted consisting of a full application for 59 dwellings and an outline application for up to 141 dwellings + commercial space.

The existing brownfield site had vacant buildings on, vacant building credit was applied to the proposed development.

The DV concluded that the original full planning policy requirement (24% affordable housing after vacant building credit adjustment + £2.1m in S106 contributions) was not financially viable. After a viability appraisal was submitted and accepted, a reduced S106 contributions figure of c.£1.2 was agreed to be viable in the current environment.

S106M effectively helped the client apply vacant building credit, eliminate their on-site affordable housing contributions and reduce their S106 contributions; this resulted in an overall saving of c.£10million.