Shiv Malik

Why this spot?

Why East Anglia?

Why here?

It's actually, it's a no-brainer, right?

If you're going to pick anywhere in the country, Cambridge is at the top of everyone's list, both economically and politically, for getting things done.

So the infrastructure we've costed at about $45 billion.

Now, it should be a lot cheaper to build in this area because it's what is known as greenfield development, right?

So you haven't, unlike if you wanted to put a tram into Cambridge, it would cost a lot more because you can dig up a lot of medieval streets and it'll take a decade longer if you want.

So that is the benefit of doing it in a place like this.

But that's what roughly we've costed at.

That doesn't include the cost of the homes, but you sell those and obviously the

The commercial buildings and the commercial land, again, you sell that, you lease that, and you reap that money back.

Absolutely.

I mean, you know, and it's not always the case.

So Milton Keynes was known as Millstone Keynes to Buckinghamshire Council, I think, for a very long time because it does suck up resources.

But with this, again, you have to do it at scale.

Right.

So you all economists know, look, if you build a place and it's 50,000, right, it's a big town.

then people are basically still commuting to somewhere else.

Employers don't really regard you as a kind of hot, ambitious place to find extra talent.