• Fastest growing UK economic region

• £1.8bn exports, 1900 foreign cos.

• £82bn economy, 10%+ of UK GDP

• 70% of UK high-tech employment

• Below UK unemployment average

• R&D spend 3x UK average

• 78% below £250K turnover in 1995

• 91% fewer than 20 workers

*Cambridgeshire, Norfolk, Suffolk, Essex, Hertfordshire, Bedfordshire

East Region – Six Counties*

• 750 years old

• 31 Colleges, federated under

‘umbrella’ of university • 1557 John Keys: Gonville & Caius

• 1661 Isaac Newton at Trinity College

• 1702/4 Chairs of Chemistry/Astronomy

• 1762 Dr Richard Walker’s Botanic Garden

• 1871 Cavendish Laboratory for Physics

• 50% of Cambridge Region hi-tech firms report research links with University

• 22% of research staff and 17% of directors of Cambridge region hi-tech companies possess Cambridge University degrees

• Cambridge University spin-outs make 16% of Cambridge hi-tech start-ups

source: Keeble. ESRC WP96 Publ. 1998

East Anglian Economy and Cambridge University

Centres for Research

• Wellcome Genome Campus

• WCMC, FFI

• Babraham Institute (Biomedical)

• Addenbrookes, Papworth

• NIAB

• “Nobel Factory” - LMB

Government funded: MRC (8/40) & BBSRC (4/8)

Research Establishments and Science Parks within 15 miles of Cambridge

Biotech Cluster• 180 Companies, 10,000 employees

• 25% of all biotech SMEs in Europe

• 49 startups since 2000

• £1bn of VC funds in the region

Technology Providers

• 5 large companies - eg CCL

• 1300 employees. 75% QSEs

• Virtual incubators, 80-100 spin-outs

Science Parks

1970 Cambridge Science Park

1987 St John’s Innovation Centre

• Granta Technology Park

• Babraham Institute

• Melbourne Science Park

• Peterhouse Technology Park

• Cambridge Research Park

• Cambourne Business Park

• Chesterford Research Park

History of the Cambridge Science Park

• 1960s: First Science Park: Stanford University• 1964: Labour Government urged closer links

between universities and industry• Cambridge sets up Mott Committee• 1969: Mott Committee report

Trinity College’s response

• Trinity had a strong scientific tradition*

• First use of the word “scientist” 1835 (Whewell)

• Spare land available in a suitable location

• Funds to enable it to carry out the development.

• Dr John Bradfield

*Alumni include Newton, Clerk-Maxwell, Rayleigh,Thomson, Walton, Rutherford, Aston, Lyle, both Braggs, Bohr, Hopkins, Klug, Kendrew

First Decade: a slow start

• 1970 IBM turned down• 1971 Planning permission • 1973 Laserscan moves in• Other companies follow –

including some UK subsidiaries of multinationals• By the end of the 70’s, 25 companies installed

Second Decade: clustering

• Cluster developing - critical mass reached• 1984: The Trinity Centre • 3i, Venture Capital company • Labour unions, BTG monopoly broken• Academics start companies (IPR relaxation)• Spin-outs & collaborative ventures from existing

companies (e.g. Cambridge Consultants)

Third Decade

• Greater Cambridge cluster 3,500 cos,

(85% with <10 staff) 50,000 employees• More venture funds available• Strong sectors: Life Sciences, ICT• Fewer but larger companies, more

Stock Exchange launches• Same mix of spin-outs, new ventures,

& UK subsidiaries of multinationals

Present

• 80 companies employing 5,000 people, average age 30

• 61.5 hectares, 145,000 sq m.• Premises: 90 to 4,600 sq m. • Development by occupiers on

long ground leases• Purpose-built units on 15, 20,

and 25 year leases• Starter units, multi-occupancy

or ‘listening posts’ on 1 month to 9 year leases

What type of tenants?

• Scientific research linked to industrial production

• Light industrial production closely associated with on-site or university research

• Ancillary activities (e.g. Venture Capital companies, Patent & IPR law firms etc)

• Not much manufacturing, except Napp, Heraeus, Polatis

Trinity maintained these criteria during economic recession

Industry Sectors – company numbers

1. Biomedical 14

2. Computers/Telecoms 25

3. Consulting (technical) 6

4. Energy 1

5. Financial/business/non-technical 2

6. Industrial Technologies 4

7. Other 28

TOTAL 80

Future

• New Conference Centre • Health & Fitness club • Nursery facilities (130 places)• 8.9 Hectares being developed

(23,000 sq m, mostly biotech) • Cambridge Innovation Centre

(60 people in 19 suites)• Continued landscaping (site density 1:5 – 18,000sq ft

per acre)

Trinity’s role

• Promoting contacts & interchange, website• Advertising university functions & seminars• Research sponsorship • CSP Newsletter (“Catalyst”) biannually• Provision of Conference Centre etc• Landscaping• But: Rents at normal commercial rates, minimal

bureaucracy, no central management company.• Management by Bidwells, local property specialists