19th July 2019

A new economic blueprint for Cambridgeshire and Peterborough was unveiled today, focused on maximising productivity and innovation in the area’s leading life sciences, AgriTech and food production, artificial intelligence and advanced manufacturing sectors. The Local Industrial Strategy aims to harness the full potential of innovation in the region, and features a Skills and Apprenticeships Hub to support the local community.

Business Secretary Greg Clark said:

Cambridgeshire and Peterborough alone contribute £22billilon a year to the UK economy. Today’s Local Industrial Strategy – one of four published across the Oxford-Cambridge Arc – will help boost this even further. In particular, today’s Strategy will mean the area can build on its global reputation for innovation and enterprise by focusing on its world-leading life sciences, artificial intelligence and advanced manufacturing sectors, delivering highly-skilled jobs and securing a strong local economy for years to come.

AgriTech gets a special mention:

Cambridgeshire and Peterborough’s ambition is to support further growth in pioneering research and development (‘R&D’) in plant science and precision agriculture, as part of a regional offer. The innovative ecosystem will be further strengthened, and the Combined Authority will develop and fund an Innovation Launchpad facility, or facilities, which offer new locations to support the development of innovation ecosystems. Agri-tech is one of the area’s strategic growth sectors which does not yet have central agglomerations which will be a key ingredient in its future success.

Mayor of the Cambridgeshire & Peterborough Combined Authority, James Palmer said:

The first Local Industrial Strategy for Cambridgeshire and Peterborough will help create the conditions to achieve our ambition of doubling economic output and ensuring future prosperity is felt by more people. This bold strategy has clear actions to help firms grow, become more productive and increase local and global reach, while fostering and sustaining broad-based growth across our economy for years to come.

Developed following a call for evidence from across the combined authority area, the strategy sets out how the area will contribute to the National Industrial Strategy and how it fits more widely with the plans for the Oxford – Cambridge Arc.

Read more about the strategy here.