1 / 20

Cambridge in Context

Cambridge in Context. Jody Chatterjee Executive Director, Enterprise - EEDA April 2007. What I will cover. East of England in national and international context R&D, innovation in the East of England Cambridge – current performance and future growth What EEDA is doing .

lapis
Download Presentation

Cambridge in Context

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Cambridge in Context Jody Chatterjee Executive Director, Enterprise - EEDA April 2007

  2. What I will cover • East of England in national and international context • R&D, innovation in the East of England • Cambridge – current performance and future growth • What EEDA is doing

  3. The 9 Regional Development Agencies in England

  4. Productivity is high by national standards but lags behind London and South East

  5. Greater South East (GSE) • GSE = East of England, London and South East regions • The performance of the whole of the GSE has declined • World Knowledge Competitiveness Index rankings • East of England 62nd in 2005 (out of 125 world regions) down 12 places from its position in 2004. • London (56th) down 10 places; South East (55th) down 15 places • US and Scandinavian regions • much higher capability of turning knowledge/creative inputs into sustainable growth and economic output • Asia-Pacific regions • rising quickly up knowledge competitiveness rankings

  6. GSE importance to UK - regional balance sheet (OEF 2007)

  7. GSE – intra-region variation in performance

  8. Areas of strength Core of EU Research Area (Espon 2004) Highest R&D investment by private sector as % of GVA of English regions Highest level of EU business R&D partnering 2nd highest level of non-EU international R&D business partnering Leading English region in terms of new product to market Cambridge ranked 2nd in Shanghai Index of global universities Significant number of 5* departments and world-leading research facilities Areas for development Community Innovation Survey suggests low levels of innovation across economy as a whole Major east-west split Knowledge intensive firms Venture finance Skills base East of England – R&D performance

  9. R&D spend does not translate to innovative businesses

  10. East of England – International Migration • Net inflow to UK in 2005 of 185,000 people • Luton (19.7%), Cambridge (19.2%) and Forest Heath (23.0% - US Airbase effect) have highest levels of foreign-born population of East of England districts • Rapid rise from EU accession states and Portugal

  11. Greater Cambridge – current performance • Between 1971-2001 employment growth of 80% • Five times that of UK in equivalent period • Cambridge ‘technopole’ • 1,500 hi-tech ventures • 45,000 jobs in hi-tech sector • 128,000 jobs in knowledge-based sectors (33% of employment) • Cambridge home to the largest concentration of seed and venture capital outside London, and in 2004 secured: • 25% of UK venture capital • 8% of EU venture capital

  12. Greater Cambridge – major assets • University of Cambridge • Ranked second in Shanghai Global university Index • Cambridge has higher level of research income than Harvard • 59% of departments 5*, further 35% rated at 5 • 4,700 research postgraduates • Anglia Ruskin University • Major strengths in applied research • 11 major science/business parks • Level 3 and 4 qualification rates above national rate • Market-leading companies and research institutes • Highly networked – locally and globally

  13. Greater Cambridge – future forecasts • Greater Cambridge total employment growth of 23% 2001-2021 • Hi-tech employment growth 21% 2002-2021 • Smaller % of total employment in Greater Cambridge by 2021 • But UK forecast for hi-tech job growth static to 2021 • Therefore Greater Cambridge will account for 2.2% of UK hi-tech jobs by 2021, up from 1.8% • Knowledge-based jobs forecast to rise by 45,000 by 2021, accounting for 36% of total employment (Roger Tym/GVA report for GCP & EEDA)

  14. Cambridge in regional context – labour market effect • Cambridge highest ratio of people working in urban area v. people living in the urban area and in work • 4th largest urban labour market in region (well above scale as a population centre) • This underplays wider sub-regional labour market because of diffusion beyond the city boundary (SQW Census 2001 – data for continuous urban areas) Cambridge

  15. Cambridge – major regional growth pole to 2021 and beyond • RSS Jobs growth to 2021

  16. Key challenge 1 – Diffusing/replicating the Cambridge phenomenon? Diffusion • Structural transformation underway in wider sub-region • Need for leading business infrastructure • Requires positive planning framework • Ensuring availability of direct and supporting skills and capability Replication – what is possible? • Understand drivers of current performance • Global university • Laissez-faire approach to exploitation of research, development and innovation (but changing) • World leading clusters • Finance • Networked: within Cambridge and to global pipelines • Co-opetition ethos • Entrepreneurial academics, students and business people

  17. Key challenge 2 – Maintaining Cambridge’s global competitiveness • University – increasing funding and leverage value • Infrastructure challenges • housing affordability; transport, education and health infrastructure • Cultural offer to attract and embed mobile businesses and talented people • Addressing mezzanine finance gap • Business support access and offer • Creating and embedding companies in the region – ‘Gorillas’

  18. What is EEDA doing? • Enterprise hub programme • Transformation of business support • Access to finance – proof of concept, R&D grants, RVCF • Running the Gauntlet • Destination Growth • Infrastructure investment work with Cambridgeshire Horizons and Greater Cambridge Partnership • Supply chain development

  19. Issues • Why is it proving difficult to replicate the Cambridge phenomenon in this region and elsewhere? • Is the Cambridge phenomenon a product of a special group of people around some specific sectors during an unusual period of time with particular types assets and resources? • Do we have to accept that there will be different models in different circumstances/geographies? • What lessons can we learn and adopt or adapt in other situations? • Should we expect Cambridge to be the ‘driver’ for the regional economy? • How far can a modest city/town be expected to be the driver for the regional economy? • Can we expect a global ‘business’ (the University) to also play on a regional or local level? • How can a regional economic development agency or government help to create the environment to encourage another ‘phenomenon’?

  20. Summary • The Cambridge phenomenon is unusual and almost unique….but there are lessons that can be adapted and applied elsewhere • The phenomenon has matured into a model that works for those involved • It is still developing and transforming and may deliver ‘further’ sustainable benefits to the region

More Related