Oxfordshire, over the next 10 years, is to transform following a national £12 billion long–term project to revitalise local economies.
The renovation and growth projects commencing in Oxfordshire are described by Ian Wenman, Vice Chair of Oxfordshire LEP, as an opportunity that will boost growth and support “new business innovation, entrepreneurial start-ups and commercialisation alongside substantial growth for existing businesses.”
If there was a time to join a network group, exposing yourself and your business to the exciting business opportunities and referrals that lie ahead, it’s now. Business professionals are constantly forming connections, and with projects that are to have a positive effect on enhancing Oxfordshire’s local economy, business prospects and connections will be on the rise.
Oxfordshire's Economic Growth
In charge of the local driving the economic development is Oxfordshire Local Enterprise (OxLEP). Their vision being to strengthen Oxfordshire's position as a vibrant, sustainable, inclusive world leading economy driven by innovation, enterprise and research excellence.
So where has OxLEP decided to utilize and implement this investment?
- Investment into Oxfordshire’s Growth Hub, Oxfordshire Business Support programs. This money is to continue Oxford’s leading excellence in innovation. It will also seek to raise levels of entrepreneurial ambition. Self-employment in Oxfordshire currently represents 11.5% of the economically active population.
- Investment in substantial measure to reduce the risk of flooding to maintain the operation of businesses, roads, railway lines and people are confident that their businesses wont be damaged.
- Investing with the City of Oxford College, and Abingdon and Witney College. This will provide local people with the necessary skills they need for future employment
- Significant investment in better transport links including roads, parking and cycling networks. At the moment the economy is being held back due to Oxfordshire’s road networks are at full capacity and public transport systems need investment. Business expansion will be supported by major improvement to transport links including the A34 and A40 ‘Northern Gateway’ with a new link road from the A40 to A44 and improvements to the Cutteslowe and Wolvercote roundabouts.
In summary, for Oxfordshire it means building a stronger economy and a fairer society with the creation of jobs, providing new innovative training opportunities for young people and investing in skills in key sectors such as science, engineering and technology. New homes will be built and transport links improved to connect businesses and communities across the region.
Join our Networking Group
Juice Networking Group is based in Witney and is made up of local businesses in and around the West Oxfordshire area. Joining a networking group is to prove a valuable investment in your time with regards to the current direction of Oxfordshire’s economy.
Learn more of the benefits of joining us , or come and join us as a guest to see whether our networking group suits you. We meet every Tuesday morning at Witney Lakes Resort and look forward to seeing you there.