University vice chancellor Bill Rammell and Chamber chief executive Paul Griffiths are pictured with University of Bedfordshire deputy vice chancellor Mary Malcolm as they put pen to paper on the Memorandum of Understanding.
The partnership will see the two organisations investigate opportunities to launch joint bids for contracts, set up business-specific continuing professional development courses and raise the profile of UCMK as a centre for enterprise, innovation and business.
The partners also expect to share information garnered from the multi-million pound MK:Smart project.
UCMK is at the heart of this enormous “big data” exercise which could revolutionise the city’s economic and infrastructure planning in the future, with significant implications for local businesses.
The document also commits the partners to academic opportunities including the idea of working together on new degree and professional courses in enterprise.
Mr Rammell said after the signing: “This Memorandum of Understanding is a further sign of the university’s commitment to support economic growth and innovation in this exciting city. It underpins the development of what both we and the Chamber hope will be a long-term partnership between us.
“These are exciting and fast-moving times for Milton Keynes and, through UCMK, the university is delighted to be part of the city’s future.”
Mr Griffiths added: “The signing of the agreement represents the Chamber’s determination to ensure Milton Keynes becomes a driving force for business growth, enterprise and innovation.
“This is a huge opportunity to work collaboratively with the University for the mutual benefit of businesses in the community.
“We look forward to developing this into a long-lasting partnership and to seeing more businesses unlocking their potential in this growing and vibrant district.”
The University of Bedfordshire has become the first member of Milton Keynes Chamber’s new Business Alliance.