We recently made a substantial payment of £365,983, to Cumberland Council, in line with the Section 106 Agreement (S106*) requirements associated with our Oakleigh Fields development in Carlisle. This significant sum represents only a proportion of the total contributions which will be generated by the development.
£305,660 of this most recent payment represented the second and final education contribution towards secondary school provision in Carlisle. The first instalment of £303,278 was paid in May 2023, meaning that we have made a total education contribution of £608,939.
In addition to the above, the remainder of the payment is earmarked for improvements to recreational areas within the west of the city. Open spaces at Yewdale and Richmond Green will benefit from £17,120, whilst a children’s play area located within the Yewdale area will receive an investment of £24,820. The remaining £18,382 is set to be used for improvements to sports pitches at the Richard Rose Morton Academy. These important community facilities will benefit from further funding next year when we pay the remaining fifty percent of these agreed contributions, which the Council is set to receive in summer 2024.
Alongside the delivery of affordable housing, the contributions generated by the Oakleigh Fields development will provide a significant source of funding to support education provision and upgrades to the recreational spaces that benefit the community. Paul Fenton, Land Manager at Story Homes said, “Story Homes is committed to delivering high quality new homes in areas where families can safely access the local services and amenities that are available to them.
“The homes that we build are part of wider communities, and we recognise how important it is for communities to have access to quality education, open spaces and recreational facilities. We are therefore pleased to have made these significant financial contributions which will not only benefit new residents at Oakleigh Fields, but also existing residents in the local area”.
For more information about Oakleigh Fields click here.
* A Section 106 is a legal agreement between an applicant seeking planning permission and the local planning authority, which is used to mitigate the impact of any new homes on the local community and infrastructure.