Whether you're talking about levelling up or the “everywhere economy”, the CBI's Clusters Playbook shows how to get the UK's regions and nations growing.
The UK is one of the most unequal developed countries in the world.
We have big variations in productivity levels not just between regions, but also within regions. And this trend is worsening.
As the Chancellor rightly said in his Bloomberg Speech, driving shared prosperity the length and breadth of the UK is not only a moral and social imperative: it’s also an economic one. The UK cannot maximise its growth potential without all our nations and regions firing on all cylinders.
But by leveraging each region’s comparative advantage to build competitive regions and nations – and by taking an ambitious approach to economic clusters – the CBI believes there’s huge potential in (and for) the “everywhere economy”.
There are already examples of successful clusters in the UK, built around specialist knowledge, expertise and experience in high-value sectors. Take the compound semiconductor cluster in South Wales – which generates more than £600m each year and employs ov
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