Study shows Milton Keynes is the best business locationMar 28, 2013
The study by independent researchers Local Futures and the local government journal MJ is the most detailed study ever conducted into the business potential of cities and local authority areas.
Milton Keynes scored highly in each of the 15 measures assessing economic performance, human resources and environment and infrastructure. It beat 325 other areas to rank as the best place to locate and operate a business.
Researchers highlighted the borough’s large and growing skilled local workforce, the number of people working in high tech knowledge businesses’ and its available commercial floorspace.
They also singled out high productivity and the number of new businesses being established.
Milton Keynes is home to more than 11,000 firms and the borough has one of the highest business start-up rates in the UK.
A total 1,360 new companies were established in 2011 and five companies move to or expand in Milton Keynes every month.
Cllr David Hopkins, the council’s cabinet member for economic development and enterprise, said: “People who have invested in Milton Keynes say they are attracted by our ‘can do’ attitude as well as our prime location, great facilities and skilled workforce. It’s no wonder that major employers are choosing to invest here.”
The two Milton Keynes MPs have welcomed the report. Mark Lancaster, MP for Milton Keynes North, said: “I am delighted to see Milton Keynes on the map as the best place to do business in and while we must not be complacent and work hard to remain amongst the best, I hope we continue to maintain this fantastic position for a long time.”
Iain Stewart, who represents Milton Keynes South, added: “It further confirms that Milton Keynes is open for business. While we have ensured that the skills required by employers are available locally, we should continue to engage with them on their future skills requirements so that our city remains the best place to do business.”