7) Oxford as an economic hub Flashcards
Main hubs in Oxford 3
Science, manufacturing and engineering
How many high tech companies are there?
1,500
How many people are employed by these companies?
43,000
Impacts of Oxford’s industries 4
Employment has soared
Many companies have people visiting from overseas = lots of money spent in retail, hotels and restaurants
Lots of support industries have benefited from the companies - e.g. by maintaining and supplying to them
Lots of prestige from high end companies
What is Oxford Instruments?
An example of a success story
It started off as a small scale business in 1959 and now employs over 1,500 people, bringing wealth to the UK
Changes to the economic hub
The number and range of companies has increased
This has resulted in the need for newer infrastructure
New homes, leisure facilities and technical centres have been built
What will happen in 2016?
New developments will see the building of a residential quarter and 1400 homes
How do the universities contribute to the economic hub?
Many first class graduates and pupils are employed by these companies. They are some of the brightest in the country
How has the countryside contributed to the economic hub?
It is an attractive place to work
How does its location contribute to the economic hubs?
It has good transport links to major cities like London
How far from Heathrow airport?
40 miles
How have existing companies contributed to the economic hub?
Similar companies clustered together enables the sharing of ideas and technology
What is happening in Milton Park?
Researching cures for cancer
What is happening at Harwell Campus?
New space telescopes are being built
