A dynamic, innovative employment market has secured Oxford’s position as one of the UK’s most thriving places to work. The city contributes over £5bn annually to the UK economy. There is a real opportunity to strengthen Oxford’s position as it has historically fallen behind the Thames Valley and Cambridge economically, due to a lack of homes close to areas of established employment facilities.
Oxford is recognised as a world leading centre for knowledge, science and research. These sectors contribute a huge part of the local employment market. Being within the Science Vale UK Enterprise Zone, one of the most important science based clusters in Europe, recognised internationally, the site presents an opportunity to further strengthen this position, bringing new employment opportunities to the area.