The Milton Keynes Prospectus, commonly known as the “tariff”, is a planning obligation, under the Town and Country Planning Act and covers part of Milton Keynes. The final agreement has yet to be signed by all concerned parties, and until this has been completed the full details of the tariff will not be available.
The Milton Keynes Partnership’s Business Plan 2006-07 to 2010-11 explains that Communities and Local Government agreed to English Partnerships forward funding projects within the tariff to a maximum peak funding of £80 million. The business plan also sets out that it expects to raise £311 million from developers of the relevant expansion areas.