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Milton Keynes tipped as ‘one to watch’

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The success of Milton Keynes has once again been praised at national level, in a new report from independent think-tank Centre for Cities.

For the past five years in a row Milton Keynes has been consistently identified as ‘one to watch’, receiving glowing reports for its economic strength and overall buoyancy in the face of harsh economic conditions, in the annual Cities Outlook report. Now the growth in Small and Medium Enterprises (SMEs) has also been recognised in the second annual ‘health check report from the Centre For Cities, working with Zurich Insurance.

• Business concentration per 10,000 head of population, stood at 349.1 in 2013, compared with 326.3 in 2011, a 6.9 per cent. increase.

• The number of business start ups per 10,000 increased from 50.1 to 54.5 in the same period, and increase of 8.7 per cent.

Cllr Rob Middleton, Cabinet Member responsible for Resources, Efficiency and Growth, said: “This latest Centre for Cities report highlights the dynamism of the MK’ small business sector.

“One statistic which speaks volumes is that so many of our SME’s are selling into national and international markets.

“This is a great accolade for the city, but we can do a lot more – for example Cabinet colleagues and myself will be calling for a boost in bank lending to start-ups, investing in skills, and securing the availability of affordable small business space across the city.”

The full report can be accessed here: http://www.centreforcities.org/research/2014/06/24/businessoutlook14/

 

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