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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.'

 

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