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 not been signed by all concerned parties, but a site specific planning obligation, which feeds into the “tariff” has been completed. The tariff has raised £39,493,897 from the following sources:
Government forward funding of infrastructure before development takes place, via English Partnerships - £30,402,236
Private sector planning obligation "in-kind" contributions - £8,170,000
Planning obligation funding - £921,661.
The Milton Keynes prospectus, commonly known as the “tariff” is a planning obligation, under of the Town and Country Planning Act. The final agreement has not been signed by all concerned parties. The Milton Keynes Partnership Committee's Business Plan (2006) does set out the range of projects and schemes that the tariff is intended to fund. The following projects have been approved to receive the funding:
Transport Improvement Abbey Hill (A5) Preliminary Work - £175,000
Transport Improvement H7 Bridge Preliminary Work - £221,000
Transport Improvement A421 dualling (partial) - £6,690,000 of in-kind private sector contributions
Transport Improvement - Junction 13 Interim works - £1,480,000, of in-kind private sector contributions
Transport Improvement -Kingston Roundabout Preliminary Work - £246,000
Transport Improvement - Ml Junction 14/Northfield - £3,072,254 plus £8,400,000 from the Community Infrastructure Fund
Transport Improvement road junction Pineham and FoxMilne - £5,618,855 plus £2,500,000 from the Growth Area Fund
Transport Improvement - A5 Portway/North Grafton - £1,943,515 plus £2,915,273 from Central Milton Keynes planning obligations.
Empowering the Voluntary Sector - Community Foundation Projects - £965,000