21st December 2018
The economic contribution of the Cambridge – Milton Keynes – Oxford Growth Corridor to the UK’s post-Brexit economy could reach £400billion by 2050, Bidwells’ latest research reveals.
But delivery of a planned Expressway Road and a re-opened Varsity Line linking the region’s economic centres is essential to maintain the impressive growth seen in the Corridor since 2013.
The Corridor’s economy would grow to £400billion if it continues expanding at the pace of recent years. The Corridor’s Gross Value Added (GVA) will surpass £300billion by 2050, even if the region’s growth slowed below the long-term average rates seen since 1998.
Patrick McMahon, Bidwells Senior Partner, said: “The Growth Corridor is the UK’s next Economic Powerhouse. This knowledge-intensive region is already big on ideas but is set to become much bigger in economic value too....