Life sciences is an area of specialism of the two major economies of the corridor with much activity focused around Addenbrookes and Babraham Research Park with complementary research activities on the Norwich Research Park and manufacturing businesses based in the central part of the Corridor. Approximately 50% of the scientific R&D in Cambridge is dedicated to Life Science and Med-Tech research and the sector employs over 8,900 people within the area. The sector has seen significant employment growth within the Corridor area in the last five years, nearly double that of the UK as a whole.
The Tech Corridor initiative aims to support the Life Science and Med-Tech cluster and encourage increased collaboration between the sector and other key sectors within the Corridor to drive collaboration and growth and to build a resilient regional supply chain for the development, commercialisation and manufacture of medical devices.
"As we are seeking to grow our automotive business in Norfolk, the development of Technology Park combined with the link to the Cambridge Norwich Tech Corridor can only strengthen our local position which we welcome"
Aslam Farikullah, Group Lotus
"‘The Cambridge Norwich Tech Corridor shows real vision and I applaud the partnerships role in leading the development of this strategic economic development initiative"
Simon Coward, Hethel Innovation