I would like to proceed.
Enforced renegotiation means that benefits from 106 agreements may be lost for ever, regardless of the needs and views of the local community. If renegotiation outcomes were in line with local planning policies, I cannot see why a local council would not renegotiate on a voluntary basis. Developers’ profits will rise, but how transparent and independent will the appraisals be of the viability of a development with and without the section 106 obligations? It is important to have mixed communities of housing. One of my favourite places that I visit is a large housing estate. As I knock on the doors, I do not know which house was built originally as social housing and which was built originally as private housing—that is what we must aspire to. My problem is that even if the developer finds that a development is not economically viable and we all agree with that in a transparent way, we would lose that social housing. Could the £300 million not be targeted to make sure that the local planning authority keeps the housing it needs?