Milton Keynes Basics

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Information about Milton Keynes Basics

Published on January 8, 2008

Author: Terenzio


Milton Keynes Basics:  Milton Keynes Basics Key facts for a city that people love to work & live in. Milton Keynes Key Facts:  Milton Keynes Key Facts The UK’s most successful business centre outside London Nearly 10,000 businesses are thriving in Milton Keynes Milton Keynes business growth is nearly 3 times the national average at 13% Milton Keynes attracts on average 5 new businesses per month Approx. 12 new people arrive in Milton Keynes every day Milton Keynes Key Facts:  Milton Keynes Key Facts Milton Keynes is one of the fastest growing areas in the UK & is on the UK leader board of economic growth areas By 2031 Milton Keynes is likely to be the 10th largest city in the UK* Accessibility gives the city a distinct advantage Located between London & Birmingham In the centre of the Oxford to Cambridge Arc 6 international airports within an hour’s drive Milton Keynes Key Facts:  Milton Keynes Key Facts Employment in Milton Keynes is growing by 3% a year There are currently over 500 overseas-owned companies in Milton Keynes* with a high representation of European, American, Japanese and Taiwanese companies. Over the next 30 years Milton Keynes’ growth is set to generate at least 70,000 jobs in the borough Over 1 billion of private investment is currently committed to facilitate the growth of the city’s infrastructure A Great Place to Live & Work:  A Great Place to Live & Work 82% of the city’s employees love working here The city provides 122,267 jobs These jobs are provided by 7,042 employment establishments 96% of Londoners who move to Milton Keynes love being here 87% of all residents think that as the city develops it just keeps getting better and better One of The Fastest Growing Populations in The Country:  One of The Fastest Growing Populations in The Country Population estimate for June 2006 is 221,650* 41% of the Milton Keynes population is aged under 30, compared to 37% nationally Between 2005 & 2011 Milton Keynes is expecting a 16% increase in the number of 25-34 year olds compared 3% for the same period nationally 7.4 million people live within a 1 hour drive** Forecasts indicate that the population will rise to 247,480 by 2011 Milton Keynes’ Ethnic Diversity:  Milton Keynes’ Ethnic Diversity Source: ONS Mid-Year Estimates, 2004. Population Projections:  Population Projections Source: Population Update 2005 © Milton Keynes Council 2005. Population Projections:  Population Projections The population of the Borough of Milton Keynes is expected to increase by 28,820 people to 247,480 by the year 2011, an increase of 13% Between 2005 & 2011 over 16,000 houses are anticipated to be built to allow for the predicted growth Approx. 2/3 of Milton Keynes population growth is through net inward migration There will be an increase in the numbers in all age bands of the Milton Keynes population as well as a shift the proportions* The Economy of Milton Keynes:  The Economy of Milton Keynes In terms of size of business: Average size of employing establishments is 17.1 25% of the Borough’s establishments are sole traders/employ no more than one person 60% of establishments employ no more than 5 people but only provide 8% of the Borough’s jobs Establishments employing more than 200 people account for little more than 1% of all establishments, but provides 35% of the Borough’s jobs 20% of jobs are provided by just 23 establishments The Economy of Milton Keynes:  The Economy of Milton Keynes In terms of industrial structure: The service sector provides 83.3% of jobs The production sector provides 12.6% of jobs The construction sector’s share is 3.7% The agricultural sector’s share is 0.4% Job profile: 79.7% of jobs are full-time & 20.3% part-time* 1.6% of jobs are temporary Males occupy just over half (52.3%) of filled jobs Females occupy just under half (47.7%) of filled jobs The Economy of Milton Keynes:  The Economy of Milton Keynes Business Profile: A third of the city’s businesses have been set up from 2000 onwards 6.5% of businesses have been operating in the city since before 1970 71.5% of businesses started up in Milton Keynes Just under 1 in 10 have relocated to Milton Keynes from either elsewhere in the UK or from overseas 1 in 5 establishments are a new branch of an existing business The Economy of Milton Keynes:  The Economy of Milton Keynes Business Profile: Just under half (47.3%) are independent companies 36.6% are owned by a UK parent company 5% are either foreign-owned or joint UK/foreign-owned Approaching 4 in 5 (78.3%) established have their HQ in Milton Keynes 20.4% have their HQ elsewhere in the UK 1.3% have their HQ overseas Housing:  Housing Milton Keynes has one of the widest ranges of housing of any city in the UK Housing in Milton Keynes is kept away from the grid road networks to create communities that are: safe; unpolluted; Offer a peaceful environment Approx. 1,200 new homes are currently being built every year to provide for the growing population Housing Range:  Housing Range Character properties can be found throughout the city in the original towns & cities All new homes built to a minimum energy rating of 9 out of 10* Approx. 3,000 plots have now been sold to individuals for self-build since 1970 Current & planned developments in Central Milton Keynes will bring a mix of flats, apartments, townhouses & family homes** Future planned growth will see some 71,000 new dwellings built within Milton Keynes by 2031 Social Housing:  Social Housing Milton Keynes Partnership’s policy is that a minimum of 30% of housing in new developments is specifically made available to: Key workers Low income families These are in addition to the existing stock of: Council Housing Housing Association rental homes Shared Ownership homes Location & Environment:  Location & Environment Milton Keynes is in an ideal location for moving goods & people across Europe 7.4 million people live within a 1 hour drive Milton Keynes’ road network based on a grid system of dual carriage ways keeps traffic flowing quickly & smoothly M1 motorway & trunk roads minutes from the city centre 6 international airports are about an hour’s drive Location & Environment:  Location & Environment Excellent stock of modern, high quality commercial property at competitive rents Sites available for bespoke commercial, industrial and leisure development Excellent shopping facilities including 2 malls with over 3 miles of under-cover stores attracting 31 million visitors annually Midsummer Place thecentre:mk Retail parks around the city, adjacent to the main grid roads feature some of the biggest store names Location & Environment:  Location & Environment Together Milton Keynes Council & Milton Keynes Parks Trust maintain over 6,335 acres of public space Open space makes up about 20% of the city’s area A diverse range of housing is available from modern apartments to period properties Milton Keynes is home to several sporting teams Milton Keynes Lightning (Premier league ice hockey) Milton Keynes Lions (Basketball) MK Dons Football Club in the new UEFA 4-star, 30,000 seater stadium Education:  Education Milton Keynes has the biggest schools building programme in the UK There is a growth in educational establishments in line with population growth* 1.5 new schools being built every year 98% of newly qualified teachers stayed in the city in 2005 Approx. 22,500 Primary School pupils & 12,200 secondary school pupils in the area Universities:  Universities Approx. 17,000 people* in Milton Keynes & North Bucks have a Higher Education qualification There are 2 universities located within Milton Keynes and North Bucks and a third close by: The University of Buckingham The Open University Cranfield University (7 miles from Milton Keynes) Recent & Planned Developments:  Recent & Planned Developments thehub:mk – part of the vibrant city centre with 500 high quality apartments, offices, retail space, restaurants, cafes and bars with dining around a central landscaped square. stadium:mk – a brand new 30,000 seater, UEFA 4-star standard football stadium, home to MK Dons and Milton Keynes Lions, opened in July 2007. The new stadium adjacent to Asda & IKEA also provides conference & leisure facilities. Recent & Planned Developments:  Recent & Planned Developments West End - work has commenced on Phase One of the development, which comprises around 650 town houses & apartments, commercial & retail outlets, bars & restaurants. Sainsbury’s - the largest in Europe and the development also includes 400 apartments & town houses with sizeable community/’not for profit’ space. Pinnacle MK - work has begun on the largest office development in Milton Keynes for 25 years, which will provide 200,000 sq m of prestige space in the city. A sign of the confidence in the city is that 40% of the space is already taken. Business Relocation in Milton Keynes:  Business Relocation in Milton Keynes Invest Milton Keynes provides a service to all businesses looking at Milton Keynes as a location including: New start-up businesses Existing companies wishing to relocate or expand from elsewhere in the UK International companies looking for a UK or European base Businesses already in the Milton Keynes & North Bucks area who are considering their future options Organisations such as public bodies or charities, interested in locating in the area Who is Invest Milton Keynes:  Who is Invest Milton Keynes Invest Milton Keynes (IMK) is the inward investment agency for Milton Keynes. Their role: Assisting in the relocation of businesses to Milton Keynes Aiding the expansion of existing companies already in the city This is achieved by offering a range of services: Comprehensive database of all available commercial land One -top shop for all land & property options available Bespoke information on relocation City tours for key employees Information for opportunities available for networking Contact Us:  Contact Us For more information on the range of services offered by Invest Milton Keynes or to request assistance with relocation or expansion please contact a member of the inward investment team. Call: 01908 200800 Email: Visit: The details contained in this document are for information only. While Invest Milton Keynes makes every effort to check that the information contained in these pages is correct and up-to-date at the time of publication, it cannot be held responsible for any errors or omissions. All trademarks in this document are the property of their respective owners.

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