5 benefits of relocating your business to Milton Keynes
1. The Commute to Milton Keynes
Milton Keynes is well located in the UK; at the centre point between London, Birmingham, Oxford and Cambridge. By train, commuters can travel in from London within 35 minutes. This allows for global opportunities with easy access to London Heathrow, London Luton, London Stansted, Birmingham and East Midlands.
Free-flowing roads result in some of the fastest commuting times in Europe along with superb motorway access as Milton Keynes centre is just minutes away to the M1. With such easy access to Milton Keynes, there is high number of people that visit the area. The centre:mk, with a choice of over 240 shops, restaurants and cafes, boasts around 27 million visits per annum.
2. The Population of Milton Keynes
Milton Keynes is currently Britain’s fastest growing city in regards to population. This grew by 18% between 2004 – 2013, and the job base has expanded by 24,000 (a growth of 16%). Milton Keynes has a catchment population of over 2.8 million people and over 18 million people live within a 1 hour 30 minute drive of Central Milton Keynes.
The number of people living in Milton Keynes is set to reach more than 300,000 by 2026 and data from MKi Observatory shows a significantly higher proportion of younger people living there than the rest of the UK. The availability to recruit a skilled workforce is helped by local college and university schemes. The Open University headquarters are based in Milton Keynes and Cranfield University’s world-famous School of Management is just a couple of miles away.
Milton Keynes is the only UK city that has been specifically designed for business growth. There are now thousands of businesses in Milton Keynes and many have chosen to relocate there. According to Invest in Milton Keynes, they “are home to some of the largest concentrations of North American, German, Japanese and Taiwanese firms in the UK.”
A great example of corporate relocation to Milton Keynes is Network Rail. Their headquarters, named The Quadrant:MK, cost £120 million and employs more than 3,000 people. By locating outside the capital from previous offices in London, Network Rail was able to save a considerable amount on rental costs.
Some of the major UK headquarters based in Milton Keynes include Mercedes-Benz, Home Retail Group, Network Rail, Domino’s Pizza, Papa John’s Pizza, Suzuki, Volkswagen and Santander. The operations centre and manufacturing site for Coca-Cola has been in Milton Keynes since 1976 and is the second largest of the brand’s facilities in the UK.
4. Smaller Businesses
Although Milton Keynes is a major headquarters location, the area has everything necessary for other businesses. With the growth in population and more employees locating to Milton Keynes to find work that suits their talents, Milton Keynes is a great place to relocate.
The cost of commercial property in the area equivalent to property in London, is significantly lower, as is the average salary, according to 2015 official government data. There is also the availability to recruit a skilled workforce through the college and university schemes, including Cranfield University’s School of Management mentioned previously.
5. Future Growth of Milton Keynes
The Milton Keynes Core Strategy has set a growth agenda to deliver a minimum of 28,000 new homes and 40,000 new jobs by 2026.
Current projects include 380 new homes along Campbell Park Canalside to include restaurants, a shop, pub and 100 berth marina. Other developments include 40,000 sq of grade A office accommodation in the city centre along with a further 35,000 sq of office and industrial space.