Case Study Cambridge Science Park Flashcards
Location?
Cambridge (‘Silicon Fen’), UK
Industry type?
Quaternary Industry
How many businesses and in what sectors?
Home to over 100 businesses
Most are in bio-medical, IT and telecommunications sectors i.e. high tech, quaternary industries
Why businesses chose Cambridge area: physical - climate?
- Dry, sunny climate
- Attracts businesses and workers
- CBridge has one of lowest rainfall totals in UK: 554mm/yr compared to UK ave. 1126
- It has high no. of sunshine hours: 1501hrs/yr compared to UK ave. 1355
Why businesses chose Cambridge area: physical - landscape?
- semi-rural landscape of Cambridgeshire provides an attractive alternative to London
- good for workers keen to maintain a reasonable work-life balance
Why businesses chose Cambridge area: human - transport?
- Attracts businesses who need easy access to London and rest of U.K. And rest of world as excellent transport links
- The M11 linking CBridge to London was completed in 1980
- Fast trains to Kings Cross takes just 45 minutes
- Stansted international airport is just 45 min train or car journey away
Why businesses chose Cambridge area: human - university?
- CBridge uni provides a steady supply of highly trained graduates to work at these firms
- As recent graduates they are quite cheap
- There is also collaboration between uni departments and high tech businesses which is attractive prospect to new firms
- GlaxoSmithKline and the Department of Pharmacology, Microsoft Research and Cambridge Computer Laboratory (nb not acc located on Science Park)
Why businesses chose Cambridge area: human - prices?
- Industrial land, labour, residential properties and cost of living are all cheaper than in the capital
- Ave. house price in Cambridge is £322,263 compared to £419,091 in Greater London
Why businesses chose Science park: physical - grounds?
- 152 acres of the park have been carefully landscaped to maintain a peace and serene environment
- 20 acres of open, public space with benches and footpaths to encourage workers to enjoy them
- Planning ensures that many buildings are not visible from these areas
- Car parks and waste collection areas are screened from view
Why business chose the Science Park: human - business facilities?
- Park provides wide range of facilities to care for businesses especially high tech and so encourage them to locate here
- The Innovation Centre (flexible space for startup businesses), 5 fibre optic broadband systems
Why businesses chose Science Park: human - social facilities?
- Park provides range of facilities to cater for workers and so encourage them to come and work here
- Trinity Centre includes a restaurant, coffee shop and bar and also a health and fitness club and The Kids Unlimited nursery
Why businesses chose Science Park: ‘Innovative Milieu?’
- New firms are attracted to collection of similar firms by prospect of networking and sharing ideas
- This phenomenon is particularly common in high tech industries and has led to clusters of new firms being called ‘innovative milieu’
- They may also exchange workers with firms