Milton Keynes current investment and developments
Milton Keynes current investment and developments
Bletchley Town Deal
Bletchley town deal – investment in Bletchley and Fenny Stratford
Milton Keynes was successful in securing an award of £22.7m, as part of the Government’s Town Fund, to invest in Bletchley and Fenny Stratford. The objective of the Fund is to drive the economic regeneration of Bletchley and Fenny Stratford to deliver long term economic and productivity growth.
- Tech Park Bletchley: One of the pivotal projects under the Town Deal is the development of the Tech Park at Milton Keynes College. This state-of-the-art hub aims to revolutionize digital skills training, providing advanced equipment and resources to support over 500 students annually. The park will not only serve local students but can also be mobile, expanding its reach to other educational institutions and community centers across Bletchley and Fenny Stratford. The goal is to boost digital literacy and create better job prospects, thus enhancing life chances for the community.
- Transport Hub and Public Realm Improvements: Another significant project focuses on transforming connectivity within Bletchley. This includes the creation of a new eastern entrance at Bletchley Station, improving pedestrian and transport links to the town centre. Complementing this are public realm improvements, which aim to enhance the town's aesthetic appeal, safety, and accessibility. These changes will encourage more foot traffic and make the town more attractive to visitors and businesses alike, contributing to Bletchley's overall regeneration.
Milton Keynes Development Partnership (MKDP)
Milton Keynes Development Partnership MKDP has facilitated the development of a wide range of schemes with master planners, occupiers, developers, occupiers and architects. From commercial premises to schools, from affordable housing to luxury apartments as well as leisure facilities and premises for public facilities.
UK Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. This fund, which succeeds the old EU structural funds, aims to reduce inequalities and foster community cohesion across the UK. Milton Keynes City Council received an allocation of £3.1m for UKSPF.
Through UKSPF, Milton Keynes has supported in various projects across the city that address local needs - such as improvements to public spaces, improvements to the city’s flood resilience, community engagement schemes for deprived communities and boosting employment opportunities for MK residents by providing training programs. The funding has been used to complement the Council’s existing Estate Regeneration and Renewal programme.
The UK Shared Prosperity Fund has been used to support the following business schemes:
- Ngage Solution – NetZero Milton Keynes
- Though the “NetZero Milton Keynes” project, Ngage Solutions are providing MK businesses with the specialist tools and support to become more environmentally sustainable. Delivering the following for MK businesses:
- An organisational Carbon footprint, delivered in a virtual session, led by a Low Carbon adviser. This will involve a range of deep-dive questionnaires completed by the company and its staff and includes a review of current energy fuel suppliers
- A bespoke Decarbonisation (Net Zero) Plan (based upon their carbon footprint) will be produced, providing practical advice and achievable steps to take the plan forward
- Profiling a business’s energy use and the impact achievable through changes in behaviour, processes, or technologies.
- Continued access and local project support for up to 12-months and to their calculator for a year
- Advice of energy reduction grants available for any given business - considering national opportunities, and those relevant to geography or sector
- To find out how your businesses can take part – check out
- Though the “NetZero Milton Keynes” project, Ngage Solutions are providing MK businesses with the specialist tools and support to become more environmentally sustainable. Delivering the following for MK businesses:
- Female Techpreneur – Idea to Launch Incubator
- Female Techpreneur aims to empower women within the Tech industry and through their “Idea to Launch Incubator” programme looks to support 10 Milton Keynes based, female owned, tech businesses with robust training and mentorship to help drive tech diversity and economic growth in Milton Keynes.
- Through the programme, the 10 new businesses will receive an intensive programme of work to help develop the entrepreneurship skills to launch a sustainable, viable new product. The recipients will also have access to networking opportunities with a cohort of peers and with experts in the field.
Milton Keynes City Council's plan for 2024/25 was approved by Delegated Decision on 27th February 2024, papers can be found here.