joint press release from Centre for Cities and Oxford City Council
Centre for Cites think tank and the Fast Growth Cities have today warned the Government not to overlook the risk that COVID-19 could have on Oxford’s long-term prosperity as they unveil a blueprint for the city’s recovery from the pandemic.
Prior to the pandemic, Oxford had one of the fastest growing local economies in the UK, was an important source of employment for people far beyond its council boundaries and its success contributed to the strength of the national economy.
However, Oxford has not escaped the economic damage done by the pandemic and could be at risk of being ‘levelled down’ without further support for people and businesses from the Government.
Budget 2021: Leeds wins bank as infrastructure cash goes North
The new National Infrastructure Bank will be based in Leeds, the chancellor revealed alongside other Budget announcements badged under the Government’s ‘leveling up’ agenda.
The new bank will provide financing support to private sector and local authority infrastructure projects across the UK, to help meet government objectives on climate change and regional economic growth.
The Treasury said the move would see it ‘benefiting from the city’s position as an established financial hub with excellent transport links across the UK’.
In addition, a new Treasury campus in northern England will be located in Darlington, County Durham.
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18 February 2021
Generational plan will unlock the long-term potential of the region, transforming the Arc into a world-class place to live and work sustainably.
An intention to establish a new single voice for the area - an Arc Growth Body - to drive and support economic growth
An ambitious plan to unleash the economic and cultural potential of the Oxford-Cambridge Arc, to transform it into one of the world’s premier growth corridors and a world-leader in sustainability, has been announced today (18 February 2021) by Housing Minister Rt Hon Christopher Pincher.
The spatial framework plan will help to create thousands of jobs, drive investment, protect and enhance the environment, and provide the infrastructure and beautiful new places needed to make the area – which spans the five counties of Oxfordshire, Buckinghamshire, Northamptonshire, Bedfordshire and Cambridgeshire – an even greater place to live and work.