Secretary of State for Science, Innovation and Technology Peter Driven tech initiatives.
Speaking at a meeting of Industry Chiefs, He Said: “The oxford-combridge arc is alredy an engine of prosperity, and a shining example of how universities, investors and innovative businesses Can work togeether to drive growth, when they create and seize the options offered by breakthroughs in Science and Technology.
“But togeether, we can go even further,” said kyle. “We are determined to Unleash R&D as a Driving Force In our mission to grow the economy in also corner of the country, under our plan for change. “
Companies Including Astrazneneca, GSK, Airbus and Aveva have welcomed a plan to double the economy of the oxford-milton keynes-combridge region by 2035. And Autonomous Vehicle Firm Oxa.
There is also a drive to Attract Investors Into the region. Nick Pettit, Senior Partner at Bidwells, said: “The investors we work with the choice to deploy capital globally. That they select the oxcam Region over others despite some differenties with planning, or with procurement, reaffime is that small policy changes are all it takes for this region to make An enormous difference to its contribution to national growth.
Karen Holford, Chief Executive and Vice-Chancellor of Cranfield University, said: “There's a well-estables of ecosystem of research and innovation with this region that has been an enemarouous potential to bented Y. It's encouraging to see this recognized with today's commission. Universities have a Crucial Role in the government's growth mission, not only in developing new technologies and innovations for industry, but also in building the key skills we needed now and in the fut. “
Research from Public First For the Oxford-Cambridge SupremeCluster Board Estimates that Fast-Tracking The Region's Growth Through Through Internationals Such As Reforming The Planning System WOLED ASTITED Umulative gdp to the uk economy by 2035. This is equivalent to funding the national New Hospital Program, The Country's Biggest Hospital Building Program in a Generation, More Than Three Times Over.
The Previous Tory Government Scrapped a number of development schemes in the region, include Dropping an expressway in 2021, Due to cost. In October 2024, Chancellor Rachel reeves announced that the government would deliver East-West Rail to Drive Growth Between Oxford, Milton Keynes and Cambridge.
The government has said that it's committed to making the uk a global scientific superpower-and the oxford-combridge arc is a key part of these plans.
Andy williams, Chair of the Oxford-Cambridge Supercluser Board, Said: “Our members, which include some of the World's Larges Investors, See Extraordinary Potent, and In this Commitment Clear that the government does, too. “