Economic Growth Potential of the Cambridge Norwich Technology Corridor Draft Final Report Adam Brown December Cambridge Econometrics
[email protected] 2017 Cambridge, UK www.camecon.com Economic Growth Potential of the Cambridge Norwich Technology Corridor Cambridge Econometrics’ mission is to provide clear insights, based on rigorous and independent economic analysis, to support policy-makers and strategic planners in government, civil society and business in addressing the complex challenges facing society. Cambridge Econometrics Limited is owned by a charitable body, the Cambridge Trust for New Thinking in Economics. www.neweconomicthinking.org Cambridge Econometrics 2 Economic Growth Potential of the Cambridge Norwich Technology Corridor 1 Introduction Background Cambridge Econometrics has been commissioned by Breckland District Council and Partners to carry out an evidence review and analysis of sectoral growth potential for the Cambridge‐Norwich Technology Corridor (CNTC). The work is divided into three phases: Phase 1: Collection of economic data from a range of official government sources and presentation in graphical and GIS formats. Data on major growth sites is also to be collected and mapped. Phase 2: A statistical analysis of current sectoral strengths and weaknesses of the corridor and its sub‐areas using location quotient analysis, and an assessment of sectoral growth risks and opportunities based on national trends Phase 3: the presentation of a projection for population and economic growth for the next 15 years, combined with some recommendations for policy intervention The work builds on a previous study carried out by Bruton Knowles’ (BK, 2015), along with the marketing research of the Deyton Bell Report (2016), the New Anglia SEP (2017) and GCGP SEP (2013), and this work should be seen in the context of the recommendations outlined in those papers.