Budget Support for Growth Corridor hailed

Location: Budget Support for Growth Corridor hailed



The measures unveiled by Chancellor Philip Hammond in support of the Cambridge - Milton Keynes - Oxford Growth Corridor are a further step towards making the region the UK's next economic powerhouse, according to property consultancy Bidwells.

Recent Bidwells research found the corridor's economy would grow to £400bn by 2050 if it continues expanding at 4 per cent - which Bidwells calculated is the average for the Corridor region since 1998 – as long as major investment is made in all types of infrastructure.

The announcement of £20m of funding for the central section of East West Rail between Cambridge and Oxford via Milton Keynes is another step towards supporting this high level of growth, the consultancy said. 

Read the full article here.

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