Infrastructure pipeline to help boost housebuilding in Oxfordshire
Plans to build up to 100,000 new homes in Oxfordshire are to be helped by a new housing deal agreed with the county council, the government has announced.
Exchequer secretary Andrew Jones has outlined a range of projects that will get a mix of public and private funding in the latest update of the government's infrastructure pipeline, which takes the value of work set to take place over the next decade up to £600 billion, compared with £500 billion at the time of the 2016 update.
The Oxfordshire deal will provide plenty of work for insulation fitters, but to make such developments feasible means providing good transport links and employment opportunities in order to help support the large rise in the county's population such a large number of new homes will entail.
Among the plans are better road and rail links along the 'knowledge corridor' between Oxford and Cambridge, connecting the two historic university cities via Bedford and Milton Keynes.
This will include the restoration of the former Varsity line, which linked the two cities before the Beeching Cuts led to it being scrapped.
Oxford has already benefited from improved rail links with the opening of the Oxford Parkway station last year, offering a connection between the north of the city and London Marylebone via Bicester and Buckinghamshire.
The various developments taking place around the country may help unlock a large number of housing projects. The civil engineering work will come as a major boost to a sub-sector of the construction industry that has suffered three successive months of decline, according to the latest Markit/CIPS Purchasing Managers Index (PMI) Survey.
By contrast, the housing sector continued booming, so much so that the overall PMI reading showed increased growth despite housing being the only part of the industry that is currently performing well.