Toton new town plans could create ‘tens of thousands’ of jobs

Housing Secretary Robert Jenrick MP has revealed plans to establish a new community “on the scale of Canary Wharf and Milton Keynes” at Toton, Nottinghamshire, potentially creating tens of thousands of new jobs.

Jenrick unveiled the plans after the government pledged £10 million to enable ambitious councils to develop locally-led proposals to deliver more new towns and economic growth opportunities.

The project would see a new Development Corporation established under the leadership of Midlands Engine chair Sir John Peace.

Councils will submit locally-led transformational proposals to compete for a share of the funding.

Toton has been earmarked as a potential location due to its proximity to the M1 and East Midlands Airport.

Housing Secretary Rt Hon Robert Jenrick MP said: “We want to drive economic growth outside London and the South East. Our new Development Corporations will empower local areas to come forward with ideas for new towns that deliver jobs, houses and economic growth – creating the future Canary Wharfs of the North and Milton Keynes of the Midlands.

“That’s why I am announcing this competition to find major growth opportunities that will receive government support and investment.”

Former Burberry chairman Peace added: “In taking forward our proposal for a Development Corporation, we will capitalise on a once-in-a-generation economic and regeneration opportunity, of scale.

“Coming together in partnership to plan and develop a new model for a Development Corporation means we will realise a much greater breadth of social, environmental and economic benefits for our communities, as we invest jointly in the future of our region.

“We’re delighted to be bringing forward the first in a new approach of Development Corporations, designed to address market failure, accelerate our path to delivery and embed innovation.

“By working in partnership, around regionally significant opportunities and by investing together, we will ensure the future success of our communities and our region.”