Bulletin

Cambridge: Britain's capital of innovation

Technology

Cambridge has become the city to watch, as technology and bioscience companies make the city one of Europe's most successful new clusters. David Cameron recently announced a £12bn economic plan for the East, saying Cambridge is key to keeping Britain in the global economic race; drugs giant AstraZeneca is planning a £330m global research HQ on the city's Biomedical Campus; and investment fund Cambridge Innovation Capital has been launched to provide finance for firms in the cluster – home to around 2,000 businesses with 57,000 staff. Victor Christou, the fund's senior investment director, said: 'Seed funding is really well served here. But there is a view that people have to leave the cluster to get further funding. We want to keep people here. People in Cambridge are very tech-savvy and there's lots of talent here that doesn't exist in many other places.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…

Where Next?