ALMOST £50,000 is sitting in the bank account of Erewash Borough Council waiting to be spent on improvements to recently developed areas.
The money has been paid to the council under Section 106 of the Town and Country Planning Act, which sees developers pay the local planning authority for improvements such as roads, or schools when they build on a site.
Erewash Borough Council released the figures to the Advertiser after we approached the authority requesting the information.
All but £3,567 of the £47,667 has been allocated to projects, some of which have been approved and some which are in the consultation phases.
Directions placed on Section 106 funding says that the money must be used to improve land within the council’s discretion and there are no time restrictions on the cash.
The largest amount given to the council – £17,152 – was by developers of the former Charnos factory on Corporation Road.
Consultation is currently in progress over plans to use the cash to improve access and car parking facilities at Gallows Inn.
New play equipment for Granby Park, Ilkeston, was purchased with the £3,776 given to the council after 12 flats were built on Vernon Street, Ilkeston.
The money from four developments in Long Eaton, totalling £7,296, was spent on a wheeled sports area at West Park.