New report looks at the potential of clusters for growth across the country
This major new report supported by the Lord Sainsbury former Minister for Science and Innovation, aims to create a snapshot of the most economically significant clusters in the United Kingdom in 2012. It reviews the barriers to growth that they face, and, most importantly, sets out actions to overcome these barriers. Based on extensive conversations with business leaders across several leading UK clusters, the report warns that if key recommendations around skills, infrastructure and investment in innovation are not acted on, there is risk of an impact on the UK economy and the country’s global competitiveness.
Clusters are just one part of the story of economic growth in the UK. A sustainable recovery will be built on high-performing firms in all sectors across the country, whether these are co-located in a cluster or distributed more diffusely. However, this report focuses in detail on economically significant clusters for three principal reasons: