Economic Growth: Oxford-Cambridge Arc
The question
To ask the Chancellor of the Exchequer, what steps she plans to take to (a) develop and (b) implement growth corridor plans like the Oxford-Cambridge Growth Corridor in other regions.
Answered by Emma Reynolds
The Chancellor has recently announced the Government’s commitment to unlock growth in the Oxford-Cambridge Growth Corridor, and the high potential sectors within it, as part of the Government’s Plan for Change.
The Government believes that strengthening east to west connections is essential to allow our whole economy, including outside the Oxford-Cambridge Growth Corridor, to meet its potential.
The Government’s regional growth strategy will drive growth in city regions and make the most of the opportunities in each part of the country. Spreading prosperity across the United Kingdom is a key pillar of the Growth Mission.
The Industrial Strategy will also be published in spring 2025, alongside with the Spending Review, which will focus on eight growth-driving sectors, create a pro-business environment and support high-potential clusters, city-regions and industrial sites across the country.
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