City Council on course to be carbon neutral by 2030

Key investments and developments

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.

 

Milton Keynes City Council's plan for 2024/25 was approved by Delegated Decision on 27th February 2024, papers can be found here.