Factors that encourage cluster growth Flashcards
How does the proximity to universities and research establishments affect cluster growth
Government allows universities to establish local growth plans and university enterprise zones with business space for new high-tech companies in early development
Companies require a highly educated work force
Strong research in the UK universities attracts foreign investment especially from MNCs
How does government support encourage cluster growth
In 2017 government announced 50% increase in research and development by 2027
Government bodies such as the medical research council support the act of research
Establishment of enterprise zones encourages new industries
How do planning regulations encourage cluster growth
Local enterprise partnerships can grant automatic planning permission for certain developments such as new industrial buildings within specified areas
How does infrastructure encourage cluster growth
Industries will locate in areas with good connectivity to other parts of the country and abroad. They require high-speed broadband links as well as proximity to good road, rail and air links
