business parks

• a business park is an area of land occupied by a cluster of businesses
• business parks are usually located on the edges of towns because:

  • land tends to be cheaper than in town centres
  • there is more land available to be able to extend businesses
  • access is better for workers and distribution
• the M4 corridor, from london to bristol has become home to hi tech industry over the past 30 years
• it is estimated that the M4 corridor produces 8 percent of the UKs economic output, as much as manchester and birmingham combined
• recently, businesses in the M4 corridor have begun to move into london because of: the attraction of urban living for a young workforce, proximity of similar companies to swap ideas and workers, new businesses require less space than first generation of high tech industries
• benefits of M4 corridor:

  • a good environment in which to live and work, close to beautiful countryside
  • near to universities for highly educated workforce, expertise and research
  • industries are located close to the M4
  • land prices are cheaper outside of london