Cambridge technology cluster is best in Europe, survey finds

October 14, 2004

Brussels, 13 Oct 2004

The Cambridge region is ahead of the rest of Europe in terms of technology investment, a survey has revealed.

The survey, carried out by financial advisors Grant Thornton, also challenges the view that technology companies stand a greater chance of success in the US than in the UK.

According to the Grant Thornton report, the Cambridge cluster of technology firms based around the UK university received more than 25 per cent of the UK's venture capital investment and more than eight per cent of the European total in the first half of 2004. Furthermore, the report points out that average investment levels are between 57 per cent and 100 per cent higher in Cambridge than in the rest of the UK and Europe.

'The Cambridge Cluster is clearly going from strength to strength,' said Wendy Hart, national head of technology for Grant Thornton.

On the subject of the UK's advantages in relation to the US, the report states that the UK, with its thriving and stable economy and flexible capital markets, its improving regulatory environment and increased state support for technology companies, makes a thriving location for technology.

Some 48 per cent of UK hi-tech companies believe that the UK has the best regulatory environment in which their business can prosper, and only 11 per cent of the people interviewed were worried about the state of the economy, compared to 20 per cent in the US, adds the report. To read the full report, please click here

CORDIS RTD-NEWS / © European Communities
Item source: http://dbs.cordis.lu/cgi-bin/srchidadb?C ALLER=NHP_EN_NEWS&ACTION=D&SESSION=&RCN= EN_RCN_ID:259

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns