Woking Borough Council have announced that CALA Homes paid £17 million to WBC for the land and grant rights on the 16-acre site. In addition the Council receive £8,596,000 through what they call Section 106 Planning Agreement. The money under the heading S106 will be used to pay for new school and footpath to Brookwood Canal. The third payment WBC receive is £2.8 million from the new homes bonus paid by central Government. This makes a total of £28 million coming to Woking Borough Council, how much will be spent on Knaphill and its residents?
What WBC have not said is whether the money from the sale of the land is more or less than budgeted. We know that the majority of the money from the land sale will go to wards the cost of the Hoe Valley Scheme.