{"id":156398,"date":"2025-10-24T11:35:03","date_gmt":"2025-10-24T10:35:03","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=156398"},"modified":"2025-10-24T11:35:03","modified_gmt":"2025-10-24T10:35:03","slug":"new-investment-oxford-cambridge-growth-corridor","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/projects\/new-investment-oxford-cambridge-growth-corridor\/156398\/","title":{"rendered":"New investment for the Oxford Cambridge Growth Corridor"},"content":{"rendered":"

More than \u00a3500m is being added to build new homes and create better transport links in the region<\/h2>\n

Up to 10,000 additional new homes will be created in the Oxford Cambridge Growth Corridor, via the reopening of the Cowley rail line.<\/p>\n

The Growth Corridor is heralded to be a source of immense growth for the UK, and will be a \u201cEuropean Silicon Valley.\u201d<\/p>\n

Creating homes and jobs through improved transport<\/h3>\n

Initially, \u00a3400m of government funding will be put towards creating affordable homes, infrastructure, and business expansion. This will include the reopening of the Cowley Branch railway, and new stations being built in Cowley and Littlemore, allowing easier travel in the region.<\/p>\n

This new line will come under East West Rail scheme<\/a>, which will create and strengthen links between Oxford, Cambridge, Milton Keynes, Bedford, and surrounding areas.<\/p>\n

The chancellor of the exchequer, Rachel Reeves, said: \u201cOxford and Cambridge are home to two of the best universities in the world, two of the most intensive innovation clusters in the world, and the area is a hub for globally renowned science and technology. Yet thanks to years of underinvestment, they still lack the public transport, affordable housing, and infrastructure they need. That changes under this government.<\/p>\n

\u201cWe have massive ambitions for the Oxford-Cambridge corridor, that\u2019s why we\u2019re reopening the Cowley Branch railway 60 years after it closed, why we\u2019re building more affordable housing and investing in business, and how we\u2019ve been able to unlock \u00a310bn in private investment. By choosing investment and renewal over chaos and decline, we\u2019re boosting growth and building an economy that works for working people.\u201d<\/p>\n

Oxford Cambridge Growth Corridor will \u201ckickstart economic growth\u201d<\/h3>\n

The plans for the corridor, announced in January<\/a>, will add \u00a378bn to the economy with projects to connect the two cities further, benefitting them and every settlement between.<\/p>\n

Further investment will bring support to industry, science, and technology, including an upgrade for the electric vehicle (EV) charging network, investment into raw materials and metals for solar panels, wind turbines, and EVs, and investment into offshore wind power.<\/p>\n

At the time, Reeves said: \u201cOxford and Cambridge offer huge potential for our nation\u2019s growth prospects. Only 66 miles apart, these cities are home to two of the best universities in the world, and the area is a hub for globally renowned science and technology firms. This area has the potential to be Europe\u2019s Silicon Valley.<\/p>\n

\u201cTo make that a reality, we need a systematic approach to attract businesses to come here and grow here. At the moment, it takes two-and-a-half hours to travel between Oxford and Cambridge by train. There is no way to commute directly by rail from places like Bedford and Milton Keynes to Cambridge, and there is a lack of affordable housing right across the region. In other words, the demand is there, but there are far too many supply-side constraints on economic growth here.<\/p>\n

\u201cThe Ox-Cam Arc was originally launched in 2003, over twenty years ago, but the project was then dropped by the previous government in 2021. We are not prepared to miss out on the opportunities any longer.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

The Oxford Cambridge Growth Corridor is set to receive an additional \u00a3500m of investment, including improving rail links.<\/p>\n","protected":false},"author":32,"featured_media":156399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[172731],"tags":[276,579,928],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-156398","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-projects","8":"tag-government","9":"tag-infrastructure","10":"tag-rail-network"},"acf":[],"yoast_head":"\nNew investment for the Oxford Cambridge Growth Corridor<\/title>\n<meta name=\"description\" content=\"The Oxford Cambridge Growth Corridor is set to receive an additional 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