How CBI Economics’ new framework can help you realise the most of the potential.
Money is increasingly being channelled into more regionally focussed projects. In the UK, the government has named South Yorkshire the first UK Investment Zone, focusing on advanced manufacturing. It’s recently earmarked £50m for regional creative clusters and £6.5m for locally-led schemes in the space sector. And it’s committed to developing two carbon capture, usage and storage (CCUS) scheme clusters.
But whether you’re talking about investment zones, regions or clusters, there’s little to define the characteristics which may allow these areas to succeed. And that’s what’s needed to ensure these schemes deliver on their potential.
CBI Economics has helped clients unpick what a cluster really is
The idea of localised industries isn’t anything new – and while there’s no firm definition of “a cluster”, there are common themes and characteristics that emerge from all the research that exists on them. CBI Economics has built a new framework methodology based upon a comprehensive review of this literature, wh
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