Milton Keynes current investment and developments

Bletchley town deal – investment in Bletchley and Fenny Stratford

Milton Keynes was successful in securing an award of £22.7m, as part of the Government’s Town Fund, to invest in Bletchley and Fenny Stratford. The objective of the Fund is to drive the economic regeneration of Bletchley and Fenny Stratford to deliver long term economic and productivity growth.

The Milton Keynes Economic Recovery Plan 

The Milton Keynes Economic Recovery Plan (ERP) is a £3.5 million award winning programme of investment to intensively support the MK economy from Winter 2020- Spring 2024. MK Council has worked in partnership with its business community in designing and delivering a programme of support specifically tailored for the city’s needs including specific programmes for young people and women.

Over the course of more than 2 years, MK Council has worked with over 30 local and national partners to help more than 1100 local Businesses and over 4200 Milton Keynes Residents - each scheme has been strategically categorised to support the people and businesses of Milton Keynes from a diverse range of sectors, from sole traders to larger companies.

The scheme has also helped to support a wide range of communities, from Tech to the Creative Arts, Returners to Work, and those seeking out employment. 

With the fund closing in March 2024, the InvestMK Team are open to hearing from regional community groups and training providers who are running similar schemes for their communities in Milton Keynes.

Milton Keynes Development Partnership

Milton Keynes Development Partnership develops its land assets to help the city become a better place to live socialise and work.

UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025.

The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.

Milton Keynes City Council has received an allocation of £3.1m for UKSPF.

For more on the UKPSF fund, please see UKSPF prospectus or list of interventions.

If you would like to express an interest, ask a question or request further information, please contact us at ukspf.enquiries@milton-keynes.gov.uk