Government reveals plans to double economic growth in Milton Keynes region by 2050
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The Government announced plans to turn the Oxford-Cambridge Arc, which includes Milton Keynes, into a 'premiere growth corridor'.
The Oxford-Cambridge Arc is the name given to a cross-government initiative to improve and plan for economic growth across the five counties.
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Not only are the government pledging to create thousands of jobs across the arc it's also claiming it will become, 'one of the world’s premier growth corridors and a world leader in sustainability'.
The Government are planning to organise an Arc Growth Body to streamline decision making around economic growth in the area.
The Spatial Framework Plan is scheduled for release in 2022 and will reveal the true scope of the Government's plans.
Housing Minister, Christopher Pincher, said: "The Oxford-Cambridge Arc is already home to world-leading economic, cultural and scientific assets.
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"We know for instance Cambridge’s rate of patent applications – a key indicator of innovation – is the highest in the United Kingdom, while nearby Milton Keynes is the fastest growing city in the country. We want to take this region to the next phase of its renaissance by unlocking its full potential and our plans will drive investment where it is needed and ensure, as growth happens, we create well-designed, inclusive and vibrant places and communities."