The B&MK Waterway Trust was established in 1995 to promote the development of a broad waterway which will link the Grand Union Canal in Milton Keynes to the river Great Ouse in Bedford through a series of Waterway Parks.

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The Waterway will consist of 24 km, from the junction with the Grand Union canal in Milton Keynes to the junction with the Great Ouse at Kempston. The 6 km of the Great Ouse from Kempston into Bedford will be brought up to full boating standard. The canal will pass under the M1 through a tunnel, using the disused Cattle Creep (20 ft wide and 20 ft high) under the M1 just south of Junction 13 and just north of the Bletchley to Bedford railway tunnel. A Video sponsored by the MK Waterway Park (on YouTube.)