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intu Milton Keynes worth £105.8 million to local economy

Date Posted:18/07/2019

Shopping centre intu Milton Keynes contributed £105.8 million to the local economy* last year according to a new report by owner intu.
2,419 jobs were also supported by intu Milton Keynes, representing 1 per cent of all jobs in the local area. 

intu owns many of the UK’s largest and most popular shopping centres and the research by planning and development consultancy Lichfields measured each centre’s economic contribution to reveal the value Britain’s best-loved retail destinations bring to their local areas.  

It found that including intu’s employees, people working in retail and in areas linked to running its centres, such as delivery and maintenance, intu supported a total of 132,950 jobs and contributed £4.8bn to the UK economy last year. This is an increase on 128,490 jobs and an economic contribution of £4.6bn in 2017.

The number of people employed in retail at intu centres also grew by more than 4%, from 96,350 in 2017 to 100,652 in 2018.

intu invested £169 million on new development projects across the country in 2018 alone and is planning a further £600 million of investment over the next 10 years.

Matthew Roberts, intu chief executive, said: “Retail is a sector that Britain can really be proud of. The best shopping centres employ people in a wide variety of jobs across the length and breadth of the country and are catalysts that create economic and social value.

“intu supports more than 130,000 jobs and contributes billions to the prosperity and wellbeing of communities around the country. Flagship centres such as intu Milton Keynes play an important role in the lives of communities across the UK, not only in terms of the jobs we create but also the taxes we generate as well as the causes we support to improve the lives and wellbeing of people in our neighborhoods.”

intu’s total contribution to local charities and community organisations also reached £1.7m last year thanks to initiatives to help people into work, to make its centres more accessible and to support activities that promote health, wellbeing and social inclusion. At intu Milton Keynes, The Bus Shelter MK, The Milton Keynes Food Bank, The Great Ormond Street Hospital charity (GOSH) and Willen Hospice as just a few of the charities helped by intu Milton Keynes.  

Shelley Peppard, general manager at intu Milton Keynes added: Being the heart of the community is in the DNA everyone in the intu Milton Keynes team and we take every opportunity to help those around us. Our attitude is to try and never say no to any requests for support, and I’m proud to say the people of Milton Keynes are so generous. A successful city, it’s also one with a huge conscience to support those who need it.

The research will be published in intu Milton Keynes’s Corporate responsibility highlights report which is being issued by the centre from July.