Cambridge science park

• What is a science park?

  Located in universities, where scientific research is carried out in cooperation with universities, also where many high-tech industries are located
• Main areas in the Cambridge science park:

  • biomedical
  • computers and telecommunications
  • technical consultants
• facilities to attract businesses:

  • college - university students graduate and then work there`
  • airport - easy travel and international links
  • country park - area for leisure
  • roundabout junction - main roads and easy transport
• Reasons that hi-tech industries locate at Cambridge:

  • agglomeration - ARM holdings (makes chips for apple)
  • also encourages companies to locate in Cambridge to help each others development
  • Prestige - total sales add up to £14 billion yearly, encourages other companies to move there
  • international links - links to china, encourages activity from other countries
  • finance - growth has been achieved without borrowed money
  • labour - workers with an average of £40,000 salary to help develop companies