A new regeneration body has been set up for Greater Cambridge, aimed at delivering thousands of new homes, jobs and transport links.

Working in partnership with local leaders and communities, the region’s biggest Development Corporation will work to drive faster, more sustainable growth and ensure that transport and services are built alongside new homes, not as an afterthought.

The Greater Cambridge Development Corporation will be a joint national and local body.

As well as new homes, the body will create thousands of jobs for local partners and businesses, and state of the art innovation spaces.

Housing Secretary Steve Reed, said: “Greater Cambridge is an area with huge potential that the new Development Corporation will help turn into more affordable homes, good jobs for local people and infrastructure that supports its communities.”

Chancellor Rachel Reeves, said: “Greater Cambridge is a powerhouse for regional growth – and we’re unlocking its full potential as part of the Oxford-Cambridge Growth Corridor.

“We have the right economic plan – by working with local leaders to unlock stalled sites and invest in infrastructure, this Development Corporation will deliver homes, jobs and opportunity at scale, driving regional growth and supporting our science and innovation strengths in Britain.”