Infrastructure Investment Strategy Martin Tett Chairman – England’s Economic Heartland Leader – Buckinghamshire County Council www.englandseconomicheartland.com

Areas of Focus Take off in the Heartland Acceleration with RIS2 Driving the MRN www.englandseconomicheartland.com

England’s Economic Heartland Strategic Alliance 9 Local Transport Authorities Oxfordshire County Council Buckinghamshire County Council Northamptonshire County Council Milton Keynes Council Bedford Borough Council Central Bedfordshire Council Luton Borough Council Cambridgeshire County Council Peterborough City Council 3 Local Enterprise Partnerships Oxfordshire Local Enterprise Partnership Buckinghamshire Thames Valley Local Enterprise Partnership South East Midlands Local Enterprise Partnership (SEMLEP) + involving Greater Cambridge Greater Peterborough Local Enterprise Partnership Delivery Partners Skanska Ringway/Jacobs Kier/WSP Local Planning Authorities Engagement with the District Councils Collaborative working founded in mutual trust and confidence www.englandseconomicheartland.com

At the Heart of Technology Enabled Science and Innovation www.englandseconomicheartland.com

Economic success ….. but at a price Infrastructure has to support economic and housing growth … as well as acting as the arteries for much of the rest of the UK Our economy is not a suburb of London: improved east-west/north-south connectivity central to realising our economic potential and enabling housing delivery Failure to invest is quickly felt congestion rises; cost of doing business increases; investment looks elsewhere Growth is happening now – the pressures on our infrastructure and services is now www.englandseconomicheartland.com

National Infrastructure Commission – Identifies the potential ‘The corridor connecting Cambridge, Milton Keynes and Oxford could be the UK’s Silicon Valley – a world renowned centre for science, technology and innovation.’ ‘But its future success is not guaranteed’ ‘The Cambridge – Milton Keynes – Oxford corridor has a major role to play in the future of the UK economy.’ ‘With the exception of London, no other part of the country hosts such a powerful combination of: World leading universities and research institutes Globally competitive business clusters Highly-skilled workers’ Potential to realise £85bn - £163bn additional GVA per annum But a lack of housing and connectivity are putting future success at risk www.englandseconomicheartland.com

Strategic Priorities Economic potential lies across the Heartland area – it’s not just a ‘cities agenda’. Provide greater clarity and certainty for the private sector – to give confidence to invest. Look beyond traditional planning and infrastructure frameworks – we need to co-ordinate investment in strategic transport infrastructure with digital, utilities, water, and waste infrastructure and to link skills investment, with economic development and housing. Provide strategic co-ordinated leadership at the regional level; detailed implementation at the local level. Commitment to move quickly move towards becoming a Sub-national Transport Body. www.englandseconomicheartland.com

Strategic Leadership Integrating economic strategy across Heartland with strategic transport and housing agenda. Collaborative working with DfT, Network Rail, Highways England to deliver ‘multi-modal connectivity’ across the Heartland. Strong commitment becomes delivery for East West Rail Support for ‘Expressway’ translates to money for delivery in Budget. Locally defined and supported delivery – working with our delivery partners. www.englandseconomicheartland.com

Road Investment Strategy 2 (RIS2) Ensure commitments in RIS1 delivered A428 Black Cat to Caxton Gibbet Build on strategic studies from RIS1 ‘Expressway’ – develop the scheme A1 East of England – commission the next stage M25 South West Quadrant Work with DfT to define the Major Road Network Use the Major Road Network as basis for future investment priorities beyond RIS2. www.englandseconomicheartland.com

Enabling the Major Road Network A Significant step forward – hopefully? Has the potential to form the basis of an agreed programme of investment that gives certainty Funding: Capital / Revenue or both? Importance of investing in maintenance MRN needs to look to the future Delivery of the ‘expressway’ will change the road network – some roads may become more important Will evolve over time as economy changes. Needs long term integrated commitment Strategic road and rail networks developed together Critical role of Sub-national Transport Body bringing together local partners for ‘single conversation’ www.englandseconomicheartland.com

The Secret of Success Needs long term commitment. Strategic cross boundary planning and programming. Move away from ‘competitive bidding’ to strategic allocations. Integrated funding – not lots of ‘pots’. Sub-national Transport Body to manage locally. DfT holds Sub-national Transport Body to account for delivery. The prize is economic success, housing growth and more prosperous communities, not just for Heartland but across the UK. www.englandseconomicheartland.com

Martin Tugwell, Programme Director - 01296 387124 englandseconomicheartland@buckscc.gov.uk www.englandseconomicheartland.com