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Fastest growing UK economic region £1.8bn exports, 1900 foreign cos. £82bn economy, 10%+ of UK GDP 70% of UK high-tech employment Below UK unemployment.

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Presentation on theme: "Fastest growing UK economic region £1.8bn exports, 1900 foreign cos. £82bn economy, 10%+ of UK GDP 70% of UK high-tech employment Below UK unemployment."— Presentation transcript:

1 Fastest growing UK economic region £1.8bn exports, 1900 foreign cos. £82bn economy, 10%+ of UK GDP 70% of UK high-tech employment Below UK unemployment average R&D spend 3x UK average 78% below £250K turnover in 1995 91% fewer than 20 workers * Cambridgeshire, Norfolk, Suffolk, Essex, Hertfordshire, Bedfordshire East Region – Six Counties*

2 750 years old 31 Colleges, federated under umbrella of university 1557 John Keys: Gonville & Caius 1661 Isaac Newton at Trinity College 1702/4 Chairs of Chemistry/Astronomy 1762 Dr Richard Walkers Botanic Garden 1871 Cavendish Laboratory for Physics

3 50% of Cambridge Region hi-tech firms report research links with University 22% of research staff and 17% of directors of Cambridge region hi-tech companies possess Cambridge University degrees Cambridge University spin-outs make 16% of Cambridge hi-tech start-ups source: Keeble. ESRC WP96 Publ. 1998 East Anglian Economy and Cambridge University

4 Centres for Research Wellcome Genome Campus WCMC, FFI Babraham Institute (Biomedical) Addenbrookes, Papworth NIAB Nobel Factory - LMB Government funded: MRC (8/40) & BBSRC (4/8)

5 Research Establishments and Science Parks within 15 miles of Cambridge

6 Biotech Cluster 180 Companies, 10,000 employees 25% of all biotech SMEs in Europe 49 startups since 2000 £1bn of VC funds in the region Technology Providers 5 large companies - eg CCL 1300 employees. 75% QSEs Virtual incubators, 80-100 spin-outs

7 Science Parks 1970 Cambridge Science Park 1987 St Johns Innovation Centre Granta Technology Park Babraham Institute Melbourne Science Park Peterhouse Technology Park Cambridge Research Park Cambourne Business Park Chesterford Research Park

8 History of the Cambridge Science Park 1960s: First Science Park: Stanford University 1964: Labour Government urged closer links between universities and industry Cambridge sets up Mott Committee 1969: Mott Committee report

9 Trinity Colleges response Trinity had a strong scientific tradition* First use of the word scientist 1835 (Whewell) Spare land available in a suitable location Funds to enable it to carry out the development. Dr John Bradfield *Alumni include Newton, Clerk-Maxwell, Rayleigh,Thomson, Walton, Rutherford, Aston, Lyle, both Braggs, Bohr, Hopkins, Klug, Kendrew

10 First Decade: a slow start 1970 IBM turned down 1971 Planning permission 1973 Laserscan moves in Other companies follow – including some UK subsidiaries of multinationals By the end of the 70s, 25 companies installed

11 Second Decade: clustering Cluster developing - critical mass reached 1984: The Trinity Centre 3i, Venture Capital company Labour unions, BTG monopoly broken Academics start companies (IPR relaxation) Spin-outs & collaborative ventures from existing companies (e.g. Cambridge Consultants)

12 Third Decade Greater Cambridge cluster 3,500 cos, (85% with <10 staff) 50,000 employees More venture funds available Strong sectors: Life Sciences, ICT Fewer but larger companies, more Stock Exchange launches Same mix of spin-outs, new ventures, & UK subsidiaries of multinationals

13 Present 80 companies employing 5,000 people, average age 30 61.5 hectares, 145,000 sq m. Premises: 90 to 4,600 sq m. Development by occupiers on long ground leases Purpose-built units on 15, 20, and 25 year leases Starter units, multi-occupancy or listening posts on 1 month to 9 year leases

14 What type of tenants? Scientific research linked to industrial production Light industrial production closely associated with on-site or university research Ancillary activities (e.g. Venture Capital companies, Patent & IPR law firms etc) Not much manufacturing, except Napp, Heraeus, Polatis Trinity maintained these criteria during economic recession

15 Industry Sectors – company numbers 1.Biomedical14 2.Computers/Telecoms25 3.Consulting (technical)6 4.Energy1 5.Financial/business/non-technical2 6.Industrial Technologies4 7.Other28 TOTAL80

16 Future New Conference Centre Health & Fitness club Nursery facilities (130 places) 8.9 Hectares being developed (23,000 sq m, mostly biotech) Cambridge Innovation Centre (60 people in 19 suites) Continued landscaping (site density 1:5 – 18,000sq ft per acre)

17 Trinitys role Promoting contacts & interchange, website Advertising university functions & seminars Research sponsorship CSP Newsletter (Catalyst) biannually Provision of Conference Centre etc Landscaping But: Rents at normal commercial rates, minimal bureaucracy, no central management company. Management by Bidwells, local property specialists

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