AYLESBURY MASTERPLAN: How will we pay for this grand scheme?

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Taxpayers are set to foot the bill for the majority of works on Aylesbury town centre.

But Councillor Neil Blake said that residents would benefit, as the cash raised from rents would be higher than the amount of money borrowed for the scheme.

Planners have also submitted a funding application to Aylesbury’s Local Enterprise Partnership, which it is hoped will provide cash for some of the key works.

Funding for the £2million preliminary works was secured by Aylesbury Vale Advantage – set up to help coordinate the regeneration project.