Bulletin

Business demands funding to create eastern powerhouse

Technology, Boost investment northeast of London in order to help create a tech sector - SantanderCB

The self-styled, self-funded London-Stansted-Cambridge Corridor Growth Commission has released a report calling on the government to boost investment northeast of London in order to help create a tech sector capable of rivalling Germany and Silicon Valley in America. The commission, representing businesses and councils from the capital's silicon roundabout north of the City through London's third airport to the university and global science centre in Cambridge, claims that a northeast to southwest London Crossrail2 scheme and the removal of bottlenecks on the M11, plus a focus on digital connectivity, could deliver a growth trajectory for the London-Stansted-Cambridge corridor which could match that of southern California and Bavaria. Costs have not yet been calculated but commission leader Sir Harvey McGrath has told local businesses, councils and the University of Cambridge to prepare to make a contribution.

 

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