Cambridge is an engine of job creation - but don’t take it for granted
A new study shows the Cambridge economy has continued to grow impressively, fuelled by the life science and technology sectors, but a warning has been issued over the need for infrastructure investment to support it.
Extensive data – more detailed and more accurate than anything held by central government – has been published by the business and academic membership organisation Cambridge Ahead.
It offers an unparalleled insight into the fortunes of the Cambridge and wider Cambridgeshire and Peterborough economies right up to the start of the first Covid-19 lockdown.
The research reveals a positive picture of employment growth over six years, which has been particularly strong among knowledge-intensive companies.
But this growth rate has slowed in the last three-year period, particularly in the latest financial year covered – 2019-20 – with some indications that start-ups and companies outside knowledge-intensive sectors may be finding conditions in the city less attractive.
Read the full article, first published by the Cambridge Independent online on March 16th, 2021 here.