New town partnership aims to secure investment after city listed in new
Milton Keynes Council has signed an agreement with developers and landowners to form a plan to regenerate and expand the Buckinghamshire city into a new town.
The ‘memorandum of understanding’ aims to “secure investment, improve infrastructure and create growth”. It has been signed Berkeley, the Bristol Society of Merchant Venturers, Gallagher, Hallam Land, Milton Keynes Development Partnership, Taylor Wimpey and Urban & Civic.
The council said that together, these developers and landowners control land for around 40,000 new homes.
A spokesperson said: “The partners will align plans to make future development work harder for the city, including supporting high quality and sustainable regeneration in the city centre and strengthening local skills and supply chains.”
Milton Keynes was one of 12 potential locations for new towns set out by the New Towns Taskforcce last year.
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