Nick Clegg signs deal to secure jobs in Oxford

The Deputy Prime Minister has signed a city deal to create thousands of new jobs in Oxford.

View all 5 updates ›

Millions of pounds of investment for the Thames Valley

The Deputy Prime Minister was in Oxfordshire today to sign a deal to bring millions of pounds of investment into the Thames Valley - and create thousands of jobs.

It's being called the 'City Deal' and gives local authorities more independence from Whitehall - allowing them to control what's done with £55m of government funding.

The money will establish four innovation hubs - at the science parks at Harwell and Culham - at the Life sciences at Oxford's hospitals - and an engineering hub at Begbroke.

Road and rail networks will also be improved with better public transport links , a new link road between the A40 and A44, and tackling pinchpoints on the A34. Penny Silvester reports.

More top news