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ITV offers extra 5m in lieu of South Bank affordable homes

Mayor of London Sadiq Khan has signed off ITV's plans to redevelop its headquarters building on the South Bank after the broadcaster agreed to boost its affordable housing contribution by £5 million.

ITV offers extra 5m in lieu of South Bank affordable homes

In February Lambeth Council's planning applications committee unanimously backed ITV's scheme to redevelop its television studio complex on the South Bank with a new headquarters building for the broadcaster – as well as a 31-storey block of flats.

Lambeth Council argued that ITV's continued presence as part of the cultural neighbourhood on the South Bank justified the low level of affordable housing proposed on site, with just 22 of the 213 flats to be offered as intermediate tenure housing.

Whilst Lambeth was content to receive 3.7 million in lieu of the provision of any social rented housing, ITV has since agreed to pay the council an extra 5.04 million.

News of the extra payment was revealed in a City Hall report published last week: "Following further negotiations with GLA officers since the council's resolution to grant permission, the applicant has taken the business decision to increase the financial contribution by an additional 5.04 million to maximise the scheme's contribution towards affordable housing delivery, resulting in a total payment in-lieu towards additional affordable housing of 8.74 million.

"On this basis, the proposed development would deliver 22 intermediate rented units onsite, secured at a level that would be affordable to households on incomes of no more than 60,000 in line with the Mayor's Affordable Housing and Viability SPG, in addition to the delivery of at least a further 10 per cent affordable housing (by habitable room) offsite through the council's own affordable housing programme via the payment in-lieu."

Lambeth is unlikely to spend the cash on affordable housing in the Waterloo area, with the authority's programme of new-build council housing concentrated further south in the borough.

News that Sadiq Khan has signed off the planning application comes as ITV's daytime TV shows – including Good Morning Britain, This Morning and Loose Women – have relocated to the former BBC Television Centre in West London ahead of the start of demolition work on the South Bank site.

Read the GLA planning report and decision letter

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