The Government has given the go-ahead to plans for up to one million new homes being built between Oxford and Cambridge by 2050 to boost it as a ‘world-leading economic place’.
The plan was finally signed off in Government papers released after Chancellor Philip Hammond gave his annual Budget speech in the House of Commons today.
In the documents, the Government says it wants to emulate similar economic successes in the Ruhr Valley in Germany and Silicon Valley in the United States.
It says new towns and developments in the so-called Arc between the two university cities will be ‘well-designed, inclusive and vibrant’.
In other details, councils will be asked whether they want new compulsory purchase powers for new town development corporations. That could mean new developments are led by authorities, rather than central Government.
Campaigners have already warned of the dangers of building new homes in undeveloped areas.
The Campaign to Protect Rural England said last week that the land needed to build the one million homes could be bigger than the size of Birmingham.
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