Published: 18th Feb 2021

A new framework to promote economic growth in the Oxford-Cambridge corridor has been published by the government. The spatial framework plan includes a proposal to create an Arc Growth Body to help promote the regional internationally. The plan will cover the counties of Oxfordshire, Buckinghamshire, Northamptonshire, Bedfordshire and Cambridgeshire. The region is home to more than 2m jobs and provides a place to live for over 3.7m residents. It includes Oxford and Cambridge, which are world-leading centres of research and innovation. There are ten significant higher education institutions, including Cranfield University, with its world-leading specialisms in automotive and aerospace engineering, the Open University, and the world-leading centres of learning at the University of Oxford and University of Cambridge. With the right interventions and investment, local analysis suggests that by 2050 economic output could double to over £200bn. ‘The Oxford-Cambridge Arc is already home to world-leading economic, cultural and scientific assets,’ said … (To read the full article, subscribe below)