6. knowledge economy (Digital/IT - Greater Manchester Tech Cluster (Over…
6. knowledge economy
governments encouraging growth
Tax incentives for knowledge economy businesses
grants and loans
transport and infrastructure e.g. HS2
locational factors encouraging growth
South East of UK, around London.
Edinburgh and Glasgow, linked by the M8, have high growth.
Manchester and Leeds
impact on people and places
increased desire to attend university, increasing higher education provision
greater movement of people - places now much less
(not settling in place of upbringing, not having a restricted outlook on life)
in rural areas which could lead to
gender gap - women only occupy 17% of tech related jobs in the UK.
Education - Warwick University
central England, main roads make it accessible from all areas of the country.
Partnerships with Rover, state of the art Arts Centre, Digital Laboratory opened in 2009.
Attracts 280,000 visitors and over 2000 events
quaternary graduates helping the growth of the tech industry in Leamington Spa
Culture/creative - Leavesden studios
47 creative clusters in the UK. highly concentrated in London
, in areas with high levels of tech-economy employment because the creative sector requires wealth.
Leavesden studios, Hertfordshire, 20 miles NW of London. shuttle bus every 20 minutes takes you to the studio.
Harry Potter public exhibition created 300 jobs
Warner Bros contributed more than £1 billion to the UK economy.
the studio was built within a greenbelt,
which some considered an inappropriate development that will continue to expand. however cost benefits analysis states it is worth it for the economic benefits.
Research - Surrey Research park
70 acre development on the campus of the University of Surrey.
extensive transport links - only 30 miles away from London
provides a workspace for over 140 companies to conduct high quality research
£38 million sports centre, improving quality of life as well as quality of research
preserves the attractive Surrey countryside while attracting people to the historical town fo Guildford
Digital/IT - Greater Manchester Tech Cluster
Over 60,000 people are employed in digital/It companies, and 100,000 students
improvement in transport links (HS3 soon)
£3.5 billion invested into Manchesters digital infrastructure
- however it needs a better reputation and improved transport (HS3) for further growth.
for locals property prices have gone through the roof. However attracted qualified workers from university and supplies super fast broadband.
Innovation - over 900 startups in the last 5 years.
Attracts international MNCs like Google
Provides 10% of jobs in the area
Biotechnology - London Biotech Innovation centres
The UK is home to 40% of Europe's biotechnology parks, clustered around SE England
LBIC located at King's cross, a short walk from Pancras International
since 2004 it has housed 34 different biotech companies
aims to fulfil its objective by developing a commercial life science cluster in London.
estimated £20 million contribution to national economy
improved public transport, created jobs, breakthrough research.
Science - Oxford Science Park
located 4 miles east of Oxford city centre
good transport links, close proximity to university
in 2016 Magdalen centre took full ownership, built a new extension for developing companies to base there
13% of all research employment in the south east
, 2400 jobs and generates £780 million a year for the local area.
however it causes congestion, pollution and disruption of local habitats.