Advantages of a science park being near a university:
Use their research facilities and employ their graduates.
Around 75000 people work in the UK's science parks.
Service parks include support services, e.g. marketing.
Cambridge science park:
'Silicon Fen'
Established in 1910.
Includes companies like Huawei & AstraZeneca.
58 buildings.
152 acres of land.
130 companies.
30% foreign owned companies (globalisation).
61% of companies originated in Cambridge.
50% of companies incorporated this decade.
Opportunites of Cambridge science park:
The park was built on a greenfield site.
There are 1332 cycle parking spaces and workers are encouraged to hire bicycles for their commute.
50% of the timber used in the buildings is from sustainable sources.
The park has recently reduced it's CO2 emissions by 44%.
Native trees & shrubs have planted around the site.
11% of CSP commuters car share through the CamShare App.
There are lots of recycling facilities on the CSP.
The builds are designed to maximize the use of natural light.
Challenges of Cambridge science park:
3800 workers travel to & from the site contributing to traffic congestion & it can take up to an hour to get out of the area.
The site only offers highly skilled jobs.
Cambridge Science park is located near the A14 & M11, which provide excellent access to London.
The 'economically active' are people aged 18-65, the workers.
Cambridge is an important city because it has a world renowneduniversity.
The average house price in Cambridge is 524,243. However, the average house price in the UK is 269,945, meaning there aren't enough houses, (supply & demand).
The average age of someone living in Cambridge is 40.