US appetite for Cambridge triggers fresh enquiries
Corporate USA has retained its passion to put down roots in the Cambridge UK science & technology cluster, according to Rob Sadler of Savills.
The head of Cambridge office was in the East of England-UK delegation that attended the BIO 2018 international convention in Boston earlier this month, and was encouraged by the continued appetite for a Cambridge presence expressed at a number of external meetings.
He told Business Weekly: “I represented Chesterford Research Park at BIO but also wore my broader Cambridge hat and was enthused by the appetite I saw from American enterprises for a Cambridge presence.
“The event itself was a glorified exhibition with masses of people so I found the meetings I was able to attend around the city much more useful in terms of pushing Cambridge’s claims and getting good feedback.
“Contrary to other figures you may have seen about the close links between Cambridge and Boston, there are actually far more businesses that are co-located. Of the top 15 companies in the Boston cluster 10 of them are also based in the Cambridge area.
“As far as the UK’s efforts to bring more life science businesses here it is all about Cambridge – or certainly should be. We picked up a number of new enquiries because the American companies realise that Cambridge is THE place to be in Europe. In the race for talent Cambridge scores so highly.
“Chesterford and Babraham, among leading life science locations, have further expansion potential. There is also a lot of interest in Cambridge Science Park – in fact the University here is the big hook for so many American companies.
“So beyond the property equation, they want to be in Cambridge to be close to the University and its vast talent pool.”
• PHOTOGRAPH SHOWS: Chesterford Research Park