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SEMLEP sponsors high performance technology report

29 September 2015

MEPC Silverstone Park is to spearhead an important study – a ‘Cluster Report’ – into the concentration of high-performance technology and motorsport (HPT&M) businesses located around the world-famous motor racing circuit.

Experts believe this report could be significant in attracting support from investors and the UK government for South East Midland-based companies working in these technology sectors.

SQW, a leading independent provider of research, analysis and advice in economic and social development, has been commissioned by MEPC Silverstone Park to carry out the study, which is being co-sponsored by SEMLEP. Research is already under way with the final Cluster Report due for publication in March 2016.

Companies and individuals working within HPT&M are invited to CLICK HERE and get involved with the report by requesting more information and putting forward their own stories and ideas.

MEPC Silverstone Park Commercial Director Roz Bird commented: “MEPC has been involved at Silverstone Park for two years now and in that time has had many discussions with occupiers and companies in the local area. Every business and individual has a story to tell about where they started, the people that influenced them and the businesses that they have been involved with, and this activity has been taking place in the area for over 50 years.

“I believe that this is why the Formula 1 teams are here and it is why we wanted to map the activity and consider whether the area is part of an HPT&M cluster where similar companies not only gravitate to the same area but interact with each other and in so doing benefit from being close to each other in many different ways including access to a specialist skills pool, machinery and expertise.

“SQW undertook the Cambridge Phenomenon Report back in the 1980s. The study put Cambridge on the global map as a key high-tech cluster, bringing in venture capital and business angel investment and Government backing. It is hoped that this study could bring similar benefits to the area around Silverstone. The new study will also support the work of the MIA and its lobbying of Government.

“So it is fantastic that today the key players in the local area have been able to come together to mark the start of the HPT&M research report. The cluster study provides an excellent opportunity to bring all the main local partners together to promote the area as a key economic geography – an engine room of the UK economy with global significance.”

Hilary Chipping, acting chief executive at SEMLEP, added: “We are delighted to be working with MEPC Silverstone Park and are excited about this Cluster Report which we are confident will reinforce this area’s global reputation as a cluster of excellence for high performance technology and motorsport.”

Also sponsoring the Cluster Report are Barclays; the Motorsports Industry Association (MIA), Buckinghamshire County Council, Northamptonshire County Council, Aylesbury Vale District Council, Cherwell & South Northants District Council, Buckinghamshire & Thames Valley Local Enterprise Partnership (BTVLEP) and Northamptonshire Enterprise Partnership (NEP).

 

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