Cambridge An Economic Hub (OCR GCSE Geography B (Geography for Enquiring Minds)): Flashcards

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Cambridge an economic hub
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No. of bio-tech & IT firms in Cambridge

Over 1500

Quaternary sector

Industries focused on research, development & information

Agglomeration effect

Similar companies clustering together for mutual benefits

M11 motorway connects Cambridge to

London & Stansted Airport

Abcam's company valuation

£1 billion

No. of PhD-qualified staff at Abcam

Approximately 200

Abcam's product

Antibodies for disease treatment research

Economic multiplier effect

Spending by one group creates additional economic activity

Growth corridor

Zone of economic expansion linking 2+ major centres

Cambridge Science Park benefit

Clusters companies for collaboration & knowledge exchange

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