The CBI is taking action to boost economic clusters through its focus on two 'demonstrator projects' in high-potential areas; The Humber and Cheltenham.
Economic clusters are central to the CBI’s ambitions for a more dynamic, investment-driven growth agenda for the UK economy. The UK can only break out of current economic challenges if every region and nation of the UK is given the tools it needs to reach its full potential.
Why clusters?
Cluster activity plays a vital role in helping regions maximise their potential, reinventing themselves to attract public and private investment.
The proof is in the pudding. London did it with finance, Aberdeen with oil and gas, and Cambridge with science. Clusters are also enabling South Wales to emerge as a player in the world’s compound semiconductor industry; a market which is projected to grow to over $300bn by 2030.
In the US, cluster activity cemented Massachusetts’ reputation as a global leader in biotech innovation, and, in Germany, it has helped Hamburg to become a world-leading civil aviation hub.
Given the overwhelming evidence that clusters dri
Exclusive member-only content
