Budget Promises Not Enough to Unlock Rail and Housing in Oxford-Cambridge Arc

Budget Promises Not Enough to Unlock Rail and Housing in Oxford-Cambridge Arc

November 2018

Philip Hammond’s Budget promises will not be enough to deliver the new transport links and homes needed in the Oxford-Cambridge Arc without intensive government efforts, warns the National Infrastructure Commission (NIC).

The chancellor revealed £20m extra development funding for the central section of the East-West Rail line alongside announcements of a new Ministerial Champion and private sector chair for the area in his 2018 Autumn Budget yesterday.

But the NIC has argued that leadership from central government and local leaders would be needed to help integrate the new transport and housing schemes in the Growth Arc area spanning Cambridge, Milton Keynes and Oxford.

It is hoped that the East-West Rail project will allow one million homes to be built between the two cities by 2050, part of a £5.5bn development.

Read the full article here

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