UK unveils plans for Oxford-Cambridge Silicon Valley rival

UK Chancellor Rachel Reeves has unveiled plans to develop the Oxford-Cambridge corridor into 'Europe's Silicon Valley,' aiming to enhance the UK's economic growth and position in science and technology. The initiative is expected to boost the economy by up to £78 billion by 2035 and includes infrastructure improvements such as better transport links and the construction of new homes. Reeves emphasized the region's potential, citing its renowned universities and innovation clusters, while also addressing environmental concerns from critics regarding airport expansions and carbon targets. The renewed interest in the growth corridor marks a shift from previous government priorities and reflects a focus on high-productivity economic areas. Science Secretary Peter Kyle highlighted the goal of doubling the economic output of the science-rich region, aiming to rival US technology hubs. The plan has garnered support from university leaders and major industry players, signaling strong investment interest in the project.