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Homes and transport in Oxford-Cambridge corridor funded in £500m package
- On Thursday, Chancellor Rachel Reeves announced up to 400m in initial funding and a consultation on creating a centrally‑led development corporation for Cambridge.
- The Treasury framed the plan as aiming to turn the Oxford to Cambridge Corridor into 'Europe’s Silicon Valley', with projections showing it could add £78bn to the UK economy by 2035.
- The package includes £120m for the Cowley Branch Line, Oxford, which the Treasury said would support up to 10,000 jobs and new stations at Littlemore and Cowley.
- The Cambridge Growth Company will begin recruiting for a chief executive as ministers said funding will unlock key sites, remove barriers and ramp up housebuilding for Greater Cambridge.
- With councils set to be abolished by 2028, questions remain over governance as Cambridge's water crisis and environmental protections were not addressed, while some Labour MPs warned about regional equity.
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Reeves hails £500m package for homes and transport in Oxford-Cambridge corridor
The Chancellor said the Government has ‘massive ambitions’ for the area.
·London, United Kingdom
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Major Investment Boost for Cambridge and the Oxford–Cambridge Growth Corridor
Today marks a landmark moment for Cambridge, the wider region, and the future of UK innovation. The Government has announced more than £400 million of new investment to accelerate growth, regeneration and infrastructure across the Cambridge city region, alongside major commitments throughout the Oxford–Cambridge Growth Corridor. This represents a clear signal of long-term Government commitment to Cambridge’s growth and to the newly established C…
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Total News Sources14
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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