The Infrastructure Funding Statement (IFS) is a factual report which summarises the amount of developer contributions obtained, allocated and spent in the previous financial year (April 2019 - March 2020).
This new annual reporting requirement was introduced as part of the recently amended CIL regulations in 2019 (CIL Regulations: Schedule 2), with the objective of increasing transparency around how developer contributions are spent on Infrastructure.
As set out in Schedule 2, the contents of this report are divided into three key sections for the previous financial year:
The introduction of this Infrastructure Funding Statement now means that monitoring around CIL and S106 contributions will now be found in the IFS instead of the Annual Monitoring Report (AMR).
Please note: The status of the associated reporting is in draft at this time (December 2020), and may, therefore, be subject to change. An item is to be reported to Cabinet in January 2021. The finalised version shall be uploaded in due course.
It is recommended that local authorities also publish the raw data that informed the Infrastructure Funding Statement. The corresponding spreadsheets are presented below.
At the current time, only one (of three) spreadsheets is available for viewing. The outstanding two spreadsheets will be uploaded in early 2021. More information on the publication of developer contributions data can be found here.