Chapter 6 Flashcards
defintition of knowledge based economy
Definition-economy in Which grow this dependant on the quantity,
quality + accessibility of info rather then means of production
whats quartenery sector
stg 4 of Clark fisher model economies increasingly based on knowledge
IT, info generation, research, knowledged based services
Distinct clusters: such. cambridge Triangle and m4 corridor
whys clustering occuring
productivity and innovation are concentrated in cities
Key services clusters found in quartenary.
education
education
research
-culture (creative industries
Digital 1st campaniles
science + Biotech
whats innovation need
backers such as ccity based financers
wheres the most signif locational growth of tech businesses been in inner london
silicon roundabout shoreditch where 252,000 work in digital employment
wheres tech city located
old street roundabout extends into hoxton and haggerson, city of london ect
factors leading to tech city growth
-amenities cater to new workforce
-clusters of similar firms
-branding and messages awaring entreupreners and financiers
-rent cheap
-proximaty to central london
-connectivity to rest of london
-higher broadband speeds
how many jobs in uk tech sector
38,000
economci contribution of techn sector
£200 billion
tech employment
2.2 million 2024
what industries are tech comapnies linked to
ARM -computor chips based in Cambridge
bp-brattish oil tgascompany located in London.
How have governments created in knowledge based economy
Tax incentives for knowledge economy businesses
Grants and loans to setup
Training investment
investment in superfast broadband
hs2
why are science parks located where
Prestige- worldwide reputation of Cambridge University for excellence in Science and Technology
Links with University for use of technology and the latest ideas
Highly skilled and quality workforce
Attractive and well landscaped site to create a good image, impress clients and attract a workforce
Transport- motorway links for supplies and for customers.
Sharing of ideas with other companies located very close to eachother.
Because High Tech industries are footloose there are also some unimportant factors
Access to Raw Materials and power/energy links
Railway Links
land is cheaper then inner city
camrbidge science park facts
europes largest cluster
57,000 employed
1500 firms
£13 billion annual revenue
science park features
Research centres
Incubator innovation centre (where prototypes are developed into marketable products
Business centre
Centre for auxiliary industries
Technological centres
how many clusters in 1970s in cambridge science park
137
motorways connecting cmabridge
A14, M1, M6 and m11
london and rugby
5km of cambridge airport
train stations cambridge station
Cambridge Science Park-Park life and social/ leisure facilities
Health and fitness club
* Transport and travel for work partnerships (bus stop, trains)
* Bar and restaurant
* Child care nursery
* Squash courts
* Cash machine
how many in creative industry london
430,000
how much creative industry generate a yr
£108 billion
services of creative
Television
Music
Video games
Heritage site
wheres shoreditch
east london hackney borough
why shoreditch
home to smaller studios and creative spoaces
urban and creative environment
easy acces to filming around london
hows shoreditch developed
vibrant attracts young pros
street art attracted tourism and visitors boosting local economy
gentriifcation due to new businesses and visiotrs increasing porperty prices
whats shoreditch called
silicon roundabout
age demographic shoreditch
most 24-35
how many street murals
over 300
