Report finds Matlock housing plan is financially unviable as

Report finds Matlock housing plan is financially unviable as developer seeks way around council policy


Updated
Tuesday, 25th May 2021, 4:55 pm
An assessment prepared for William Davis Homes found that additional costs associated with the site off Gritstone Road mean the company could not deliver a minimum 30 per cent ‘affordable’ housing and will also seek to reduce Section 106 financial obligations for public services and infrastructure.
A spokesman for the company said: “A number of unanticipated additional costs have become apparent: abnormal ground conditions, a drainage strategy to address concerns about flooding, and archaeological interests requiring evaluation.
“The full cost and wider commercial implications were unknown when the land was allocated in the Local Plan. Government guidance accepts that in these circumstances, project viability can be legitimately reassessed.”

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