Jobs have tripled in Milton Keynes over the last three decades, making it one of the nation’s “most dynamic local economies”, according to a 100-year study by independent think tank Centre for Cities.
The ground-breaking new report, A Century of Cities, reveals the enormous changes that have transformed Britain’s cities over the past 100 years – and highlights why the modern era saw some flourish such as Milton Keynes, while others fell behind.
The report reveals that MK in 1981 had generated over 53,000 jobs while today there are more than 157,000 jobs created in the borough.
Councillor Matthew Clifton, cabinet member responsible for Economic Development said: “I am delighted that Milton Keynes is continuing to be recognised nationally and internationally as a dynamic place to do business and to work.
“That is why we continue to attract many new companies and can offer a high number of skilled workers to meet the recruitment needs of those businesses.”
The report published this week states: “New town initiatives in the South gave rise to some of the best-performing cities today, such as Milton Keynes, which was born in the 1960s and now boasts 150,000 jobs and one of the nation’s most dynamic local economies.”
Iain Stewart MP for MK South said: “It is very clear that we have a fantastic business community in MK.
“Every week I visit businesses who are becoming more confident and excited for the future. That’s is why it so important we continue to encourage businesses to come to MK and help those individuals who want to start their own enterprise.
“Our economy is now on the right road locally and nationally. It so important we keep to the long term plan. I am very proud to represent a city that is hub for business and I will continue to support them in every way I can.”
Pam Gosal, Head of Corporate Economic Development & Inward Investment for Milton Keynes Council, said: “With thousands of growing local firms and one of the highest start-up rates in the country, it’s clear why we’re Britain’s most successful business city.
“Invest Milton Keynes is the first point of enquiry, whether you are an existing Milton Keynes business looking to expand in, or a business looking to relocate to, this vibrant and dynamic city.”
Commenting on the report, Centre for Cities’ acting CEO, Andrew Carter, said: “A Century of Cities offers a unique opportunity to make sense of the long-term factors behind the two-tier urban economy of progress and decline that we see in Britain today.
“But it is also a positive and constructive lesson of how, in the face of enormous changes, targeted investment, strong leadership and an appetite for transformation can help cities to reach unprecedented heights of economic strength.”
The full report can be found at www.centreforcities.org.uk.