Designed for the future
Milton Keynes is a city built for modern businesses. Perfectly positioned for access to the rest of the UK, it's home to the most productive workforce in the country, with 25% higher productivity per worker than the national average. It's no surprise that the city is proving such an attractive destination for all kinds of aspiring businesses.
Where businesses grow faster
Attracting key sectors
Fast becoming the destination of choice for ambitious companies in the financial and business sectors, over the last 10 years Milton Keynes has seen greater economic growth than any other UK town or city, with an 18% increase in jobs during this period. Recently ranked the second best place to work in the UK, Milton Keynes is now home to a highly skilled labour force, cutting-edge research facilities and technology clusters which compete on the world stage.
Between 2010 & 2016, Milton Keynes' business base grew by 34%, and with the number of active enterprises in the city increasing by more than 30% in the last five years, it's the perfect base from which to grow your business.
Specialising in electronics, digital tech and bioscience. 19x more patents generated in Cambridge than the national average
Working in engineering, financial and professional services. 25% higher productivity per worker than the national average
Specialising in Space, bioscience and high tech engineering with a leading hub named science vale
Doing better business
Current local occupiers
More than 10,000 companies have chosen to locate in Milton Keynes, many international companies already have headquarters, including Mercedes Benz, Santander, VW Finance, Network Rail, and Home Retail Group.
An enviable talent pool
The city is home to a young and highly skilled labour force, 60% of whom are educated to degree level. The city has a high proportion of employment in the Knowledge Intensive Business Services Sector, which includes Media and IT, Finance and Insurance, Legal and Accounting, Head Offices and Management Consultancy, and other Professional Services. The city is internationally recognised as a centre for learning and innovation. The local area hosts three universities, and sits at the heart of a cluster of high performing universities spread across an arc reaching from Cambridge to Milton Keynes to Oxford. Cranfield University, Open University and Buckingham University offer postgraduate management degrees, and other specialisms that can provide support and employees for corporate businesses locating to the area. To add to this, MK:U, a new Cranfield technology university, is being planned just a few hundred yards away on Avebury Boulevard, offering an undergraduate curriculum in a range of key areas including digital, cyber, autonomy, robotics and artificial intelligence. The supply of well-qualified potential candidates is set to grow even further helping service the employee needs of the flourishing business community.
The home of innovation, technology and start-ups
With its history of technological innovation, Milton Keynes is home to the fourth highest number of business startups in the UK. Among many recent innovations, the UK’s first self-driving ‘pod’ vehicle was unveiled in the city in 2015. Approximately 24,800 people were employed in the Milton Keynes technology industry in 2016. Between 2012 and 2015, technology growth in the city was 24%, well above the national average of 14%. With its growing reputation as a hub for cutting-edge technology and innovation, increasing numbers of forward-thinking companies are choosing to build their futures in the city.
Milton Keynes is a key player in the UK economy, generating £10.8 billion per year and continuing to grow and thrive at an impressive pace. Advantageously positioned at the centre of the UK's 'economic heartlands' and within the Cambridge to Oxford growth corridor, the city is attracting considerable investment and new infrastructure, such as the proposed investment in East-West Rail and the A421 Expressway. Furthermore, its 'Smart City' status is not only shaping investments in new technology such as self-driving ‘pod’ vehicles, but also the technological university currently being planned just a short walk from '100' on Avebury Boulevard. The future is looking dynamic for the city.
Deliver new transport infrastructure:
Unlocking opportunities for transformational development
Provide the mechanisms and resources:
to enable settlements and wider housing growth
Commit to redoubling the rate of house building:
Attracting the talent and skills that businesses need to grow