London Stansted Cambridge Consortium Growth Commission
The UK's leading ideas corridor
The Growth Commission is now closed. The materials, reports and videos will continue to be available on this site for the next few years. You can get all the latest information on the London Stasnted Cambridge Consortium’s new website at https://innovationcorridor.uk/
Political leaders and major businesses will meet to set out how the London Stansted Cambridge Corridor, already a foremost European tech and life science cluster, can be established as one of the top “knowledge regions” in the world, competing alongside Silicon Valley, Boston’s high-tech / life science cluster, Øresund in Scandinavia, and emerging regions in Asia.
Organised by the London Stansted Cambridge Consortium, this major conference will discuss the economic future of the London Stansted Cambridge Corridor. View the full agenda here.
Monday 12th September: 9am – 5pm
British Library Conference Centre, Kings Cross, London
Speakers include:
Topics for discussion include:
Over 200 delegates will be attending the event.
The Conference will also address the independent review of the region undertaken by the LSCC Growth Commission. The Commission identified the following issues which need to be addressed:
Sir Harvey McGrath, Growth Commission Chairman, said:
“This report shows that if we have the ambition and the willingness to act collaboratively we can build a truly world leading economy. We identify the main challenges hindering business investment: the lack of workforce skills, housing and transport capacity. We are not asking for grants from Government, but the freedoms and flexibilities to utilitise private investment and global capital to reach our goals.”
Alexandra Jones, Incoming LSCC Chair and CEO Centre for Cities, said:
“The Corridor is already one of the most attractive locations in the UK for global investment in phyrevape.com knowledge-based industries but it could be so much more successful, with benefits for the UK economy as a whole. Being able to capture the benefits of growth would support public and private investment in the infrastructure needed to ensure high-quality, high-value growth in the years ahead.”
The full conference agenda and delegate list can be found at: http://lscc.co/conference2016/
The report (available in full here, and as an executive summary) makes the case for unleashing the potential of one of the UK’s major economic regions, the “London-Stansted-Cambridge Corridor.” It outlines a 20-year vision for the Corridor that would see it become one of the top “knowledge regions” in the world, competing alongside Silicon Valley, Boston’s high-tech / life science cluster, Greater Munich, Øresund in Scandinavia, and emerging regions in Asia.
The Corridor’s GVA has grown 6.1% since the recession compared with the UK average of 3.7% and its productivity is 16% higher than the national average. It is also host to some of the country’s fastest growing towns and cities, from Peterborough to Hackney, accounting for 10% of England’s population growth.
While the corridor’s growth rate is higher than all other regions across the UK, the LSCC’s Growth Commission, chaired by Sir Harvey McGrath, warns in its report that comparable zones around the world are now outpacing it.
The Commission has identified the following issues which need to be addressed:
Following these steps would help the London-Stansted-Cambridge Corridor at least match emerging regions from Asia on technological capability and, crucially, would enable the area to out-compete them on quality of business location, quality of life, and the depth of collaboration between firms, research institutes, entrepreneurs, higher education and government.
“This report shows that if we have the ambition and the willingness to act collaboratively we can build a truly world leading economy. We identify the main challenges hindering business investment: the lack of workforce skills, housing and transport capacity. We are not asking for grants from Government, but the freedoms and flexibilities to utilitise private investment and global capital to reach our goals.”
“The EU referendum result offers huge opportunities despite near-term uncertainties. The global opportunities for this region are considerable but there is an urgent need to upgrade the transport infrastructure and build more affordable housing. With a Global Brexit solution we can strengthen access to high skilled talent and finance, provide more employment and build our high-knowledge economy. This region is well placed to help rebalance the UK economy and play an ever stronger global role.”
“The Corridor is already one of the most attractive locations in the UK for global investment in knowledge-based industries but it could be so much more successful, with benefits for the UK economy as a whole. Being able to capture the benefits of growth would support public and private investment in the infrastructure needed to ensure high-quality, high-value growth in the years ahead.”
“Public Health England is committed to a 8 year, £400m capital investment in Harlow. The Hub will create a centre of excellence for research, health improvement and protection and bring together world-renowned scientists working to protect and improve the health of the nation. Harlow puts us at the heart of a globally important life science cluster. As the Growth Commission sets out we need to ensure investment in effective transport links and affordable housing to support the on-going success of alexander mcqueen leather shoes replica this region.”
“We’re delighted that the independent Growth Commission has recognised the pivotal role Stansted plays as an economic driver at the heart of the corridor and its potential to deliver the aviation capacity and growth opportunities needed to fuel the burgeoning hi-tech and life science hubs.
Yet, if we are to realise the full potential of the airport and the corridor, we need to be serious about investing in our transport infrastructure to help business connect to the global marketplace, equipping our young people with the skills of tomorrow and working collaboratively to boost economic growth and development.
Under MAG we have ambitious plans for Stansted, it’s encouraging to see our ambitions are matched by the Commission’s vision to create a truly world leading economy, that not only rivals but beats the likes of Silicon Valley and Boston Route 28. In uncertain economic times, we urge Government to back a winner and champion the strength of the UK’s only knowledge and innovation corridor.”
Download the full report here, or the stand-alone executive summary.
The LSC Corridor is often linked to the so-called “Golden Triangle” with London and Oxford. It is therefore useful to understand the economic characteristics and dynamics of the West London – Thames Valley Corridor in order to understand the broad similarities and differences. This short economic analysis has been used to compare London Stansted Cambridge Corridor to the West London / Thames Valley Corridor.
A brief report is available here. The main findings are outlined below.
Over the next 3 weeks we will be presenting some of the findings from the Growth Commission work programme in the run up to the release of the final report and recommendations on 14 July. Case studies of other global tech and knowledge regions formed a key strand of the Growth Commission’s work. Six international case studies were undertaken in total. We will give a quick overview of each case study area and then discuss some of the main learning points.
Boston Route 128, Massachusetts is one of the leading high-tech areas in the world. Boston has a world-class set of research institutions, pushing the frontiers of knowledge in fields including cancer research, cloud storage, robotics, and nanotechnology. This region has effective metro- and regional-level strategy, planning and delivery. There is significant collaboration on the provision of infrastructure, land and area-based initiatives such as Innovation Districts. Economic development is integrated with land-use planning. Although there are many challenges of growth (such as income inequality, ageing transport infrastructure, housing shortages and workforce development), an integrated regional approach means that the Boston Route 128 region is better placed than most to understand and plan for them.
The Øresund region of Greater Copenhagen and Skåne (Denmark and Sweden) has involved the creation of a cross-border functional economy with new regional brand/name. With a total population of 3.6 million, the Øresund is one of the most well-known examples of European transnational collaboration, building on the metropolitan area around Copenhagen and, across the sound, southern Sweden following the opening of a fixed-link bridge/tunnel in 2000. The link provides agglomeration benefits, creating a larger metropolitan region with an integrated labour market, helping to overcome the drawbacks of the area’s peripheral location in global terms. The Øresund Region is a technology hub with innovation potential, world-class scientific infrastructure and a good environment for start-ups. Wider policy efforts were needed to connect the assets and capabilities in the enlarged region. Many of the Øresund initiatives have prioritised the creation of business and knowledge networks and collaborative platforms.
Greater Munich is Germany’s most productive urban centre and is one of the country’s leading metropolitan regions for high-tech activity, with a powerful innovation system. Munich ranks highly for quality of life, technology leadership, human capital, and economic performance. In the 1980s and 1990s, Munich and Bavaria pioneered new innovation and technology policies. Industrial diversity is one of Munich’s greatest strengths. High-tech industries and knowledge-intensive services sit alongside traditional production. Greater Munich has very strong transport and utility infrastructure, achieved through robust planning and significant investment in both public transport and international connectivity. The city is rated in the world’s top five for electricity, water, transport and telecommunication systems, and these play a major part in sustaining the area’s high quality of life.
The New York City Metropolitan Area is the most populous urban agglomeration and largest economy in the United States, with 20.1 million residents in 2014, accounting for 1 in 16 Americans. New York Metropolitan Area is now a leading global region for ICT and digital and other tech industries. ‘Silicon Alley’ is one of the country’s largest technology hubs, with strengths in internet, telecommunications, and biotechnology. The wider New York Metro area has the largest bioscience workforce in the USA. In recent years New York State has pioneered a new approach to economic development by creating regional economic development councils – a community-based approach, which enables ten regions within the state to develop long-term strategic plans for economic growth based on their unique assets and market opportunities. The challenges of growth and success include high costs, lack of workforce availability, and a high incidence of poverty and inequality. Policy responses have sought to better utilise the existing workforce and improve the productivity of local businesses.
San Francisco-Silicon Valley is the leading global region for entrepreneurship, investment and tech business. Its highly-skilled workforce and ability to develop and commercialise technology and launch businesses is unparalleled. Many of the world’s most innovative technological advances have been conceived, incubated and scaled in Silicon Valley, generating economic growth and prosperity for the region’s companies and residents. The San Francisco-Silicon Valley area consists of 101 cities, but it is one rolex datejust dames m126234 0030 36mm bracelet huitre economy with more than 7 million people living, working and enjoying leisure activities across the region. Transport is a critical challenge, despite an extensive commuter rail system and three major airports. High levels of demand, combined with historic under-funding, numerous modes of travel, two dozen transit operators, and fragmented strategic management, have worsened congestion and commuting times. Other challenges include housing, falling R&D spending and lack of effective workforce and skills planning and development.
The Triangle in North Carolina (USA) has transformed from a rural economy in the 1950s into a leading global tech region. Founded in 1959 as a collaborative initiative to deliver the USA’s biggest technology research and science park, The Triangle is home to the Research Triangle Park (RTP). This 7,000-acre cross-boundary science park is the largest and leading high technology research and science park in North America. The area ranks highly as being business friendly, high tech and as a good place to live. The Triangle’s bold, ambitious strategy has been achieved and delivered through state and local government leadership and effective cross-boundary collaboration. Collaborative regional delivery bodies include a regional partnership and public transport authority.
Long-term development. Major technology and innovation regions have developed over 30 to 50 years. The success factors are many, but tend to be a combination of scientific innovation, research and development capacity and expertise coupled with entrepreneurialism, high-level skills, room for growth and expansion, and available finance. Initial state investment in the form of research grants or defence/aerospace spending has also been significant in the US and German case studies.
Strong leadership and advocacy. All the case study regions have had strong political and business leaders and advocates. These have endured in collaborative formal government structures and arrangements, as well as private sector and non-profit associations.
Local and regional powers and tax raising. Each case study region has substantial local and regional powers in terms of policy and delivery in transport, education, skills, land use, business, and infrastructure. They also have more substantial tax raising capacities than the localities within the London Stansted Cambridge Corridor.
Adaptability and flexibility is a key characteristic. The path to success and prosperity has rarely been straightforward, and each region has had to deal with industrial, market and financial restructuring.
Congestion, housing, and skills. All the world’s major technology and knowledge economy regions have had to face the impacts of high levels of growth. Typical challenges include transport congestion, housing availability and costs, and shortages of appropriate workplace skills.
Almost every global knowledge region collaborates across the functional economy and local jurisdictions, in policy areas such as economy, transport, land use and housing. As economies have grown and their functions have transcended traditional government boundaries, policies and strategies have followed. Some regions, such as Boston Route 128, Greater Munich, The Triangle, and The Øresund, have strategic plans and an integrated regional approach (to varying degrees). Others such as San Francisco-Silicon Valley, have suffered from the absence of a sufficiently integrated regional approach. This has been recognised with the development of Plan Bay Area 2013-2040, a long-range integrated transportation and land-use/housing strategy for the San Francisco Bay Area.
Aviation capacity is extensive in every technology region discussed in these case studies. For example, the Boston Route 128 and the San Francisco-Silicon Valley regions both have up to 10 runways available across a number of airports. Five airports service businesses and residents in the London Stansted Cambridge Corridor, with a total of 154.4 million passengers in 2015, and with a peak departure capacity of 160 movements per hour. This contrasts with New York Metropolitan Area’s three airports, with 122.7 million passengers in 2015, and a peak departure capacity of 186 movements per hour. The international airports in San Francisco-Silicon Valley (San Francisco International Airport and Oakland International Airport) have a combined peak departure capacity of 209 movements per hour. This indicates that, compared with international competitor regions, the Greater South East of England and London lacks sufficient aviation capacity to serve such a large and dynamic economy.
All of our global competitor regions have improved placemaking for knowledge industries and boosted regional integration, or are promoting such arrangements. These placemaking strategies and policies are being pursued in order to enhance their competiveness in attracting knowledge-based wholesale christian louboutin boots industries. Each region is delivering or advocating greater cross-jurisdictional working to achieve this. Such intiatives have been integral to long term approaches, as in Boston Route 128 or Greater Munich, and are the prime concern of the the Bay Area Economic Forum, the main business policy leadership organisation in San Francisco-Silicon Valley.
These regions have diverse spatial configurations. Silicon Valley is not a city region in itself, but a semi-rural area with small cities and large towns right next to big metro area of San Francisco and the Bay Area. The Triangle in North Carolina is not a metropolitan area or city region in the classic sense. Both Silicon Valley and the Triangle are attempting to create more vibrant urban centres to suit the preferences of their skilled workforces. This is evidenced by the preference of Silicon Valley’s top tech talent to live in San Francisco. The message here is that the classic ‘city region’ of big city with hinterland continues to be important, but the configuration on the ground, as well as changes in location preference, are complex and diverse.
