Property experts have called for the creation of an Olympic-style body to deliver the homes and infrastructure needed to create a supercluster within the Oxford-Cambridge Arc
The call for an Olympic-style delivery authority for the Oxford-Cambridge Arc is one of the proposals put forward in the ‘Radical Regeneration Manifesto’ produced by Bidwells, Perkins and Will, and Blackstock Consulting.
The manifesto sets out 16 policy recommendations to overhaul the tax and planning systems to make Britain a more attractive place to invest and develop.
In Cambridge, houses prices soared by 73.4% in the last decade, while in Oxford, prices have seen a 66.8% increase. The success of the Oxford-Cambridge Arc’s knowledge-based economy, which has an annual GVA of £100bn, has also caused office rents to jump by 11.9% in the last year alone as companies vie for limited space.
To guarantee the Oxford-Cambridge Arc’s future growth, 25 investors and developers, including Legal & General, Barratt Developments, and Grosvenor, are calling for politicians to create a singular body responsible for delivering housing and infrastructure within the Arc – just as they did with the Olympics and the Docklands.