City’s business model is ‘one to watch’

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PEOPLE and businesses in Milton Keynes are better placed to deal with the economic downturn, according to a new report by independent think tank Centre for Cities.

The report cited MK as ‘one to watch’ and stated that it would be ‘better insulated from the economic impact of the spending squeeze, and have high potential to create jobs in the private sector’.

It is the second year in a row the city has been praised for its buoyant economy, quality of workforce, and ability to weather tough economic times.

Along with this achievement the number of people with higher level qualifications – including NVQ4 and above – has risen significantly since the last report from 29.7 per cent to 33.7 per cent, a figure higher than the national average.

The number of people who are claiming Job Seeker’s Allowance is also down one per cent on last year’s figure.

Milton Keynes Cabinet member responsible for the Economy, Councillor Jenni Ferrans, said: “This report once again recognises that Milton Keynes is a great place to live and work.

“Like everywhere else we are facing tough times, but our in-built resilience, the strength of the workforce as well as the sheer numbers of businesses we have here – many of them household names – are helping to drive the recovery.”

And council leader, Councillor Cec Tallack, added: “There’s a reason we’re the fastest growing city.

“People come to Milton Keynes as we’ve got a ‘can do’ attitude, we’re open for businesses and we can accommodate the needs of companies looking to relocate here.”