Local Business Impact
- Published: Thursday, 31 October 2013 15:01
- Written by National Centre for Universities and Business
Growing the economy is no easy task, and growing it evenly is almost impossible. Yet there is a clear need to carefully balance the needs of the country with local capability, regional ecosystems, and place-based strategy.
Across the country there are the hot spots, and the ‘not spots’. World-class excellence is, of course, more prevalent and likely to succeed in economically advantaged areas. There are many examples of local players investing in local collaborations to encourage innovation to flourish, which is evident here; from well-known Gloucestershire events harnessing local expertise, to universities working to understand and match local skills need in Sheffield, to technology hubs in Kent, Cambridgeshire, and Liverpool welcoming SME participants.
There are examples of large national issues, such as the ever present STEM skills shortages, being tackled on a local level for local growth. And there are examples of place-based issues, niche threats to regional economies, being challenged by the combined efforts of universities and businesses, both the large and the small.
It’s clear from the case-studies in this section that both universities and businesses are taking their role in local eco-systems seriously, and as a result, clear identities and specialisations are starting to emerge. The case-studies in the section alone have helped more than 3000 local businesses, levied over £2.25bn in funding and investment, created 1000 jobs, 371 apprenticeships and added hundreds of millions to local economies.
Browse the Case Studies
Growing the regional economy: a new vision for engineering and technology - Canterbury Christ Church University
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