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Barr Ellison Solicitors – commercial property
4 September, 2018 - 11:12 By Kate Sweeney

Cambridge Norwich Tech Corridor promises 26,000 jobs and £2.75bn payback

Plans to fashion a Cambridge-Norwich technology corridor could generate £2.75 billion for the region’s economy and create up to 26,000 new jobs, visionaries behind the scheme believe.

Two stakeholder summits have been arranged in the respective cities in early October and businesses are being urged to have an input.

The corridor vision is already being backed by a variety of firms plus 10 public sector partners. It aims to join up the strengths and assets in the area between Cambridge and Norwich, which include its world-leading universities and research institutes, global businesses, knowledge and network organisations and an ecosystem of companies that support technology-led growth.

The Tech Corridor blueprint is also designed to back existing and emerging technology sectors by building networks across the area which go beyond traditional sectors to share knowledge and support innovation and the adoption of technology.

As well as seeking to celebrate business successes and attract investment, new business opportunities and a skilled workforce to the region, it will address key challenges and opportunities faced by businesses in the corridor.

Independent research suggests the corridor has the potential to bring an additional £2.75bn to the regional economy by 2031, creating 26,000 new jobs.

The stakeholder meetings are an opportunity for technology-led businesses and organisations to learn about the vision for the Tech Corridor and be part of developing the narrative for the initiative, as well as offering a chance to identify key threats and opportunities for businesses in the area, and to set the agenda of activities for the coming months and years.

The sessions will be led by the Cambridge Norwich Tech Corridor team and international marketing and emerging technology experts.

The free events take place at the Hethel Technology Centre, Norwich, on Thursday, October 4, starting at 9am, and the Bradfield Centre, Cambridge Science Park, on Tuesday, October 9, starting at 9.30am. 

The CNTC is a private-public partnership initiated by Breckland District Council, Broadland District Council Cambridgeshire County Council, East Cambridgeshire District Council, Forest Heath District Council, New Anglia Local Enterprise Partnership, Norfolk County Council, Norwich City Council, South Norfolk Council, St Edmundsbury Borough Council and Suffolk County Council.

Norwich stakeholder meeting, Hethel Engineering Centre: https://www.eventbrite.co.uk/e/shape-the-future-of-the-cambridge-norwich-tech-corridor-tickets-49281488258

Cambridge stakeholder meeting, the Bradfield Centre: https://www.eventbrite.co.uk/e/shape-the-future-of-the-cambridge-norwich-tech-corridor-tickets-49600411165

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