Oxford City Council has welcomed the University of Oxford’s announcement today of a new partnership with Legal & General to develop thousands of homes for students and staff at the University, together with the creation of world-class science and innovation districts.
Councillor Mary Clarkson, Cabinet Member for Culture and City Centre at Oxford City Council, said: “As well as being one of the top universities in the world, the University of Oxford is very much part of our city and we welcome its commitment to further significant investment in Oxford over the years ahead.
“This won’t just benefit students and help ensure the University maintains its global leading position; it will also benefit the wider city. “Our new Local Plan is proposing measures that enable the University to build housing for staff on key sites to help with recruitment and retention given the affordability pressures in the city and will also help them to bring forward new student accommodation to take pressure off the general housing stock.
“We share the University’s vision of creating a science and innovation quarter as part of a new Global Business District in the west end of the city. Working with others, the City Council has already helped raise £15 million to help support the redevelopment of the University’s Osney Mead site and there are a number of other sites nearby ready for redevelopment, including Oxpens, and the area around the station.
“We will work with the University and others to bring forward much-needed new infrastructure to connect the University’s key assets inside and outside the city, including an expanded Oxford Railway Station. We will also work closely with the University on master-planning and the planning applications that follow, to help it realise the opportunities its new investment partnership creates.”
To read the University/Legal & General release visit the University website.