Cambridge Science Park: attract business

Question 1

How many companies are present and how many people are employed on site in the Cambridge science park?

Answer 1

130 companies across the park are present.
~7,500 people are employed on site

Question 2

Who are the main stakeholders involved?

Answer 2

• Owned and developed by Trinity college Cambridge.
• Local and national government investing in infrastructure.
• Range of high tech companies (include Huawei, Microsoft)

Question 3

What percentage of energy consumption do the laboratory buildings account for?

Answer 3

80%

Question 4

Why is the science park important for economic growth and job creation?

Answer 4

• Boosts local economy
• Increases demand for housing
• Magnet for investment in the area
• Strengthens UK quaternary sector

Question 5

Why is it important that the park has close links with Cambridge university?

Answer 5

-Benefits from research done at the university
- Encourages start ups and establishes firms that capitalize on scientific advancement.
- Turns academic research into real world applications

Question 6

How else do local governments attract business?

Answer 6

Through the creation of enterprise zones.

-simplified planning laws, discount on business rates- boosts local employment.
-However leads to high property prices and can cause job displacement,