Milton Keynes, England, United Kingdom

Economy | Major businesses | Small and medium enterprise | Employment | Social inequality

๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Milton Keynes, locally abbreviated to MK, is the largest town in Buckinghamshire, England, situated about 50 miles north-west of London. The River Great Ouse forms its northern boundary; a tributary, the River Ouzel, meanders through its linear parks and balancing lakes. Approximately 25% of the urban area is parkland or woodland and includes two Sites of Special Scientific Interest.

Milton Keynes was not named after two famous economists; Milton Friedman and John Maynard Keynes, but instead dates back to the 13th Century village of Mideltone Kaynes.

In the 1960s, the UK government decided that a further generation of new towns in the South East of England was needed to relieve housing congestion in London. This new town (in planning documents, 'new city'), Milton Keynes, was to be the biggest yet, with a target population of 250,000 and a 'designated area' of about 22,000 acres (9,000ย ha). At designation, its area incorporated the existing towns of Bletchley, Fenny Stratford, Wolverton and Stony Stratford,[d] along with another fifteen villages and farmland in between. These settlements had an extensive historical record since the Norman conquest; detailed archaeological investigations prior to development revealed evidence of human occupation from the Neolithic period to modern times, including in particular the Milton Keynes Hoard of Bronze Age gold jewellery. The government established a development corporation (MKDC) to design and deliver this new city. The corporation decided on a softer, more human-scaled landscape than in the earlier English new towns but with an emphatically modernist architecture. Recognising how traditional towns and cities had become choked in traffic, they established a 'relaxed' grid of distributor roads about 1 kilometre (0.62ย mi) between edges, leaving the spaces between to develop more organically. An extensive network of shared paths for leisure cyclists and pedestrians criss-crosses through and between them. Again rejecting the residential tower blocks that had been so recently fashionable but unloved, they set a height limit of three storeys outside the planned centre.

Facilities include a 1,400-seat theatre, a municipal art gallery, two multiplex cinemas, an ecumenical central church, a 400-seat concert hall, a teaching hospital, a 30,500-seat football stadium, an indoor ski-slope and a 65,000-capacity open-air concert venue. Seven railway stations serve the Milton Keynes urban area (one inter-city). The Open University is based here and there is a small campus of the University of Bedfordshire. Most major sports are represented at amateur level; Red Bull Racing (Formula One), MK Dons (association football), and Milton Keynes Lightning (ice hockey) are its professional teams. The Peace Pagoda overlooking Willen Lake was the first such to be built in Europe. The many works of sculpture in parks and public spaces include the iconic Concrete Cows at Milton Keynes Museum.

Milton Keynes is among the most economically productive localities in the UK, ranking highly against a number of criteria. It has the UK's fifth-highest number of business startups per capita (but equally of business failures). It is home to several major national and international companies. Despite economic success and personal wealth for some, there are pockets of nationally significant poverty. The employment profile is composed of about 90% service industries and 9% manufacturing.

On 20 May 2022, it was announced that, as part of the Platinum Jubilee Civic Honours, Milton Keynes would be granted city status by Letters Patent later in 2022.

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Economy In 2014 and 2017, Milton Keynes ranked third in terms of contribution to the national economy, as measured by gross value added per worker, of the 63 largest conurbations in the UK. In 2020, its ranking slipped to seventh.

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Major businesses Milton Keynes has consistently benefited from above-average economic growth, ranked as one of the UK's top five cities. In 2020 it was ranked sixth of 63 for business startups (per 10,000 people).

Milton Keynes is home to several national and international companies, notably Argos, Domino's Pizza, Marshall Amplification, Mercedes-Benz, Suzuki, Volkswagen Group, Red Bull Racing, Network Rail, and Yamaha Music Europe.

Santander UK and the Open University are major employers locally.

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Small and medium enterprise In 2013, 99.4% of enterprises being SMEs, just 0.6% of businesses locally employ more than 250 people (but more than one third of employees), whereas 81.5% employ fewer than 10 people. The 'professional, scientific and technical sector' contributes the largest number of business units, 16.7%. The retail sector is the largest contributor of employment. Milton Keynes has one of the highest number of business start-ups in England, but also of failures. Although education, health and public administration are important contributors to employment, the contribution is significantly less than the averages for England or the South East.

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Employment 75% of the population is economically active, including 8.3% (of the population) who are self-employed. 90% work in service industries of various sorts (of which wholesale and retail is the largest sector) and 9% in manufacturing.

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Social inequality In 2015, the Borough of Milton Keynes had nine 'lower super output areas' that are in the 10% most deprived in England, but also had twelve 'lower super output areas' in the 10% least deprived in England. This contrast between areas of affluence and areas of deprivation in spite of a thriving local economy, inspired local charity The Community Foundation (in its 2016 'Vital Signs' report) to describe the position as a 'Tale of Two Cities'.

In 2018, the number of homeless young people sleeping rough in tents around CMK attracted national headlines as it became the apex of a national problem of poverty, inadequate mental health care and unaffordable housing. On a visit to refurbishment and extension work on the YMCA building, Housing Minister Heather Wheeler declared that 'Nobody in this day and age should be sleeping on the street'.

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Milton Keynes, England, United Kingdom 
<b>Milton Keynes, England, United Kingdom</b>
Image: Adobe Stock Pawel #399167553

Milton Keynes has a population of over 136,000 people. Milton Keynes also forms the centre of the wider Milton Keynes urban area which has a population of over 271,000 people. Milton Keynes is the #186 hipster city in the world, with a hipster score of 3.5436 according to the Hipster Index which evaluates and ranks the major cities of the world according to the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores. Milton Keynes is ranked #478 for startups with a score of 0.402. It is estimated there are around 10,195 businesses in Milton Keynes.

To set up a UBI Lab for Milton Keynes see: https://www.ubilabnetwork.org Twitter: https://twitter.com/UBILabNetwork

Twin Towns, Sister Cities Milton Keynes has links with:

๐Ÿ‡ณ๐Ÿ‡ฑ Almere, Netherlands ๐Ÿ‡ฉ๐Ÿ‡ช Bernkastel-Kues, Germany ๐Ÿ‡ต๐Ÿ‡ฑ Tychy, Poland ๐Ÿ‡ฉ๐Ÿ‡ช Wittlich, Germany ๐Ÿ‡จ๐Ÿ‡ณ Yinchuan, China
Text Atribution: Wikipedia Text under CC-BY-SA license | Hipster Index | StartupBlink

  • Derek John Walker |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Architect/Town Planner Derek John Walker is associated with Milton Keynes. He was a lifelong sports fanatic with a passion for cricket, and was a supporter of Leeds United FC.

  • George Edmund Street |

    ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ Architect/Furniture/Tile Designer George Edmund Street is associated with Milton Keynes. He was one of the leading figures in the Gothic Revival movement in Britain.

Antipodal to Milton Keynes is: 179.244,-52.042

Antipodal to: Milton Keynes 179.244,-52.042

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