The Liberal Democrat and Labour Progressive Alliance which runs Milton Keynes City Council has today announced funding plans of an extra £600,000 to help high streets and local businesses.
Labour and Liberal Democrat Councillors have proposed the extra money as part of the 2023/24 draft budget to 'ensure continued support' for the local economy.
If approved, the money half a million pounds will go towards an economic development fund to support local businesses and £100,000 will be allocated to create a renewed programme of support for high streets in the city.
Councillor Rob Middleton, Labour Progressive Alliance Cabinet Member for Resources, said: “The Progressive Alliance wants Milton Keynes to become a thriving city with a bustling local economy. We are taking leaps towards this, but we cannot become complacent.
"That is why it’s crucial we do all we can to keep the local economy strong by continuing to invest in our high streets, independent businesses, and local entrepreneurs. This, in turn, will provide greater support for our residents by creating more jobs and better opportunities.”
Councillor Robin Bradburn, Deputy Leader of Milton Keynes City Council and Lib Dem Progressive Alliance Cabinet Member for Economy and Culture, added: “The Conservative government has made it difficult for small businesses in Milton Keynes to survive. Last year, the city’s high streets and small businesses were hit with increasing energy bills and skyrocketing inflation.
"Now, we can expect to see our businesses hit further as people have less money to spend. We are stepping up to support these businesses during a time of need, as our local businesses and high streets are crucial in helping our economy go from strength to strength.”