Regeneration body for Greater Cambridge

A regeneration body has been launched to boost jobs, homes and infrastructure across Greater Cambridge.

The development corporation has been set up to boost economic growth across the Oxford to Cambridge corridor.   

The body will focus on speeding up major development, assembling land, regenerating key sites and bringing in new investment.

Residents, local leaders, and businesses in and around Greater Cambridge are being invited to have their say on whether a development corporation should be established, the area it would cover, as well as the planning powers it could have.

Housing and Planning Minister, Matthew Pennycook said: “This government is determined to realise the full potential of Greater Cambridge to the benefit of its existing communities and the country as a whole.

“The centrally-led development corporation we are proposing would provide us with the necessary powers, authority and access to finance to unleash ambitious and high-quality sustainable growth in Cambridge and its environs in the years ahead.

“I encourage all those with an interest in the future of Greater Cambridge to respond to our consultation and share their expertise, insights and knowledge.”

Chief Secretary to the Treasury, James Murray said: “We have huge ambitions for the Oxford–Cambridge corridor. This is an important step that will accelerate development in Cambridge and drive investment and growth for the whole country.

“A new development corporation will help us build more homes, create more quality jobs close to home, and raise living standards for working people across the area.”