£300m invested so far at Pete’s stadium park

From left, Mike Hughes, director at Grant Thornton, guest speaker Pete Winkelman, chairman of MK Dons and David Newstead, partner at Grant Thornton, launch Buckinghamshire Ltd.
From left, Mike Hughes, director at Grant Thornton, guest speaker Pete Winkelman, chairman of MK Dons and David Newstead, partner at Grant Thornton, launch Buckinghamshire Ltd.
0
Have your say

MK Dons chairman Pete Winkelman has revealed the total inward investment involved so far at the stadium site in Milton Keynes – a massive £300million.

Mr Winkelman gave a pep talk to businesses on Friday at the launch of the Buckinghamshire Limited snapshot into the county’s economic health.

“£300 million is the value of the inward investment into Milton Keynes,” Mr Winkelman told an audience of business leaders at a stadium:mk breakfast briefing.

“£100 million of that has come in the last two years.”

There are now 4,000 people employed in jobs on the site, which includes the football stadium as well as the retail park including Primark.

The Dons now employs hundreds of full and part time workers, pumping millions of pounds into the local economy.

“It was me when it started,” said Mr Winkelman. The development also supports scores of other companies.

In his early morning speech, Mr Winkelman said the county was great because business is done “the right way” by supporting each other and helping, not by people who are after a quick buck.

He also talked up the importance of Milton Keynes to the wider economy. It was also a theme of the Buckinghamshire Limited report, compiled by financial and business advisors, Grant Thornton.

Milton Keynes has 26 of the 100 highest turnover firms with their main address in the county, which in terms of the report includes the new city.

The report, to be repeated each year, states the 100 top firms recorded turnover and employment up 12.9 per cent and 8.2 per cent respectively.

The report didn’t focus on individual company finances but put them all together to give an overall picture. It aggregated the most recent official company fiancial reports in the year up to June 2013.

Mike Hughes, of Grant Thornton, said: “We were expecting the results to be good and they are.”

However, the report’s authors said while the results were positive they may have been affected by one-off factors. The national economy was recovering from the shock of recession.

Mr Hughes said: “The figures may be soft so it will be interesting to come back next year and see how things have changed.”

The figures show that the top 100 firms with their main address in Buckinghamshire and Milton Keynes had a combined turnover of £3.5billion and employ a total of 17,555 people.

David Newstead, of Grant Thornton, said: “We are able to compare Buckinghamshire with other counties and we are able to say that it is outperforming them in key areas. It will be interesting to see if this remains the case.”