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A tailored plan is needed to secure the future prosperity of the group of Fast Growth Cities, writes the leader of Oxford City Council and chair of Fast Growth Cities.
The successful rollout of the vaccine programme means that the UK is likely to be the first major economy to come out of lockdown. This is of course good news, but the phased reopening of our towns and cities means that businesses face a long route back to normality.
Political attention is now turning to how the government will help places repair the damage done by the pandemic. Last week, the chancellor unveiled a set of measures that should help most businesses and employees avoid a potential cliff edge this year. However, avoiding disaster is not enough. We need to invest wisely in our economic recovery – particularly in those places well-placed to bounce back quickly – if we are to refloat the economy as a whole. Those places include the Fast Growth Cities of which I am chair: cities that have been net contri
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.