Study into high-tech cluster around Silverstone Park reaches final stages

By Jess Shanahan

A study has been carried out by research company SQW into whether or not there is a high-tech cluster around Silverstone Park. The final study results are set to be released in spring but Silverstone Park management is confident that it will show that there is a high-tech cluster in the area around Silverstone Park.

A business cluster is a group of interlinking businesses and institutions that cooperate as well as compete. These clusters are centres for innovation and new businesses are built through ongoing cooperation. A high-tech cluster is a group of these businesses that have a strong focus on technology, which is the case at Silverstone Park.

A cluster usually includes the following:

  • Businesses that benefit from operating in close proximity to each other
  • A specialist skills pool
  • The movement of people between businesses in the area during their career
  • The creation of new start-up, high-growth businesses
  • Corporate venturing, venture capitalist and business angel investment
  • University involvement
  • Specialist import and export activity
  • The interest of large well established businesses that want to take advantage of the specialist nature of the local business activity

 

MEPC’s Roz Bird, Commercial Director for Silverstone Park, commented: “This draft version brings us closer to uncovering the evolution of a high-tech cluster in the area surrounding Silverstone Park.

“It also provides a fascinating insight into the behaviour, achievements and requirements of the start-ups, the SMEs and larger companies – from supply chain to Tier 1 to OEMs – in the area.

“While we await final publication of the report we confidently predict it will show that there is a high-tech cluster in the area surrounding Silverstone Park which has global significance and which should be considered by Government as an engine room of the UK economy – worthy of investment and promotion.”

Follow @BizReviewEurope

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability