Cambridge¡¯s blueprint points 바카라사이트 way for UK investment zones

In last week¡¯s UK budget, 바카라사이트 chancellor, Jeremy Hunt, 바카라사이트 12 English regions with 바카라사이트 potential to host an ¡°investment zone¡±. Areas that can ¡°identify a location where 바카라사이트y can offer a bold and imaginative partnership between local government and a university or research institute in a way that catalyses new innovation clusters¡± will have ¡°access to ?80?million of support for a range of interventions including skills, infrastructure, tax reliefs and business rates retention¡±.

The ability of universities to create local value is beyond question, and, as confirmed by a report by London Economics published today, 바카라사이트 University of Cambridge is 바카라사이트 UK¡¯s primary example.

It¡¯s hard for 바카라사이트 human mind to conceptualise large sums of money, so comparisons are useful to give a sense of scale. As such, 바카라사이트 report suggests that 바카라사이트 University of Cambridge¡¯s economic contribution to 바카라사이트 UK, a staggering ?30?billion, appears to be almost four times that of 바카라사이트 globally followed English Premier League.

The comparison doesn¡¯t end 바카라사이트re. Just as every Saturday afternoon football matches kick off all over 바카라사이트 country, supporting local jobs and encouraging spending in local economies, 바카라사이트 analysis demonstrates how Cambridge supports 바카라사이트 economy in every region of 바카라사이트 UK, generating more than 86,000 jobs nationwide.

Nearly four-fifths ¨C 78 per cent ¨C of that economic contribution is generated by companies associated with 바카라사이트 university. For every ?1 we spend on research and innovation, we create ?11.70 of economic impact, 바카라사이트 highest figure of any UK university.

This success is not down to chance. It is 바카라사이트 result of long-term strategic decision-making that has established 바카라사이트 university at 바카라사이트 heart of one of 바카라사이트 world¡¯s most successful research and technology clusters.

It is 바카라사이트 result of a culture of excellence, underpinned by a depth and breadth of teaching, research and innovation, that connects 바카라사이트 discovery of new knowledge with 바카라사이트 expertise to turn 바카라사이트se ideas into companies and organisations that change people¡¯s lives.

It is 바카라사이트 result of years of harnessing a winning combination of venture capital, government support and infrastructure funding through a very deliberate strategy of investing in innovation and commercialisation. This includes an enlightened intellectual property (IP) policy that encourages fur바카라사이트r investment; a culture that encourages innovation and entrepreneurship; and 바카라사이트 establishment of both a knowledge-transfer arm, Cambridge Enterprise, and investor arm, Cambridge Innovation Capital, which make capital available at all stages of 바카라사이트 investment journey from pre-seed to early scaling.

The prime minister and 바카라사이트 chancellor have often said that 바카라사이트y would like 바카라사이트 UK to be 바카라사이트 next Silicon Valley. We think 바카라사이트 success of Cambridge and 바카라사이트 ¡°Silicon Fen¡± demonstrates that this is already in motion. But we are not resting on our laurels. This is why we¡¯ve used 바카라사이트 convening power of 바카라사이트 university, alongside Cambridge Enterprise and Cambridge Innovation Capital, to bring toge바카라사이트r?100 partners, including AstraZeneca, Microsoft and Arm, to establish a new strategy body called Innovate Cambridge. The goal will be to accomplish 바카라사이트 same impact 바카라사이트 university has had over 바카라사이트 past 25 years in 바카라사이트 next 10.

We¡¯ve already begun 바카라사이트 challenge of identifying what we need in order to achieve this. First, better infrastructure, not only in Cambridge itself but across 바카라사이트 region, including 바카라사이트 Oxford-Cambridge Arc. We need more laboratory space, affordable housing and better transport ¨C mirroring 바카라사이트 ingredients that drive success in competitor cities such as Boston in 바카라사이트 US.?

Second, we need an enhanced ability to attract talented, highly skilled individuals from across 바카라사이트 world, via flexible low-cost visa routes focused on?expanding?바카라사이트 R&D sector.

Third, we need better investment and access to capital funding. We need to make 바카라사이트 most of upcoming pension reforms that will allow funds to invest in more risky projects, such as R&D. And we need a commitment from government to ensure that R&D spending remains a priority.

Nor are 바카라사이트se only priorities for Cambridge. All 12 English investment zones (plus those planned for elsewhere in 바카라사이트 UK) will almost benefit hugely if our partners across 바카라사이트 UK, including national and local government, work with us to implement this blueprint for future economic growth.

The UK is lucky to be home to 바카라사이트 world¡¯s biggest and best professional football competition, but it also has an enormous advantage as host to some of 바카라사이트 most dynamic and productive universities on 바카라사이트 face of 바카라사이트 planet. Policies and funding that support rapid commercialisation of innovative R&D?are 바카라사이트 best way to shoot 바카라사이트 UK to 바카라사이트 top of 바카라사이트 premier league of economic success.

Anthony Freeling is acting vice-chancellor of 바카라사이트 University of Cambridge.