Cambridge Science Park Flashcards
How many businesses are at Cambridge science park?
1400 businesses
How many jobs are at Cambridge science park?
Over 40,000 jobs
Name 3 location factors for Cambridge science park
- in conjunction with Cambridge university, trinity college to help with research and use their facilities
- pleasant places to live and work
- easy access to londons 4 airports
Name londons 4 airports
- Gatwick
- Heathrow
- Stanstead
- Luton
Why is the CBD not the best location for the science park?
There’s a lot of congestion and easier access to the M11 outside of town
Name 3 reasons why locating a science park on the outside of town is better than in the CBD
- better transport links and less congestion
- cheaper land on the edge of the town and there’s more room for expansion
- safer place for children to live and nicer for parents too
Name 5 features of Cambridge science parks location
- adjacent to trinity college of Cambridge university
- good link to the M11
- lower land value than in London city centre
- more room for expansion
- landscaped with gardens and lakes etc
What year did Cambridge science park open?
1972
What caused agglomeration economies in Cambridge science park?
The success of the early firms
What are agglomeration economies?
Clustered economies, the same type of business working together
By 2012, how many companies were there and how many people did they employ in total?
1400 businesses employed over 40,000 people
In what year did Cambridge science park reach 1400 businesses and over 40,000 employees?
2012
Why are transport costs for products made at Cambridge science park low?
They are very small in bulk but high in value, ex. Computers
Why are transport costs of the raw materials to Cambridge science park very low?
The raw materials are lightweight, ex. Silicon chips
Why is Cambridge science park good for UK economy?
Tax incomes from the skilled workers and businesses helps grow the economy
