Council chiefs re-emphasise commitment to Silverstone Park & Technology Cluster

Council chiefs re-emphasise commitment to Silverstone Park & Technology Cluster

04 April 2018

South Northamptonshire and Aylesbury Vale District councils have voiced further support for the on-going development of Silverstone Park and the Silverstone Technology Cluster which they say is making their region a location for technical innovation on a global scale.

Situated in the heart of the Oxford-Milton Keynes-Cambridge Growth Corridor with planned east-west connectivity improvements, the two authorities are dedicated to helping unlock the transformational growth and investment envisaged by the National Infrastructure Commission.

This includes attracting investment to the region, raising the local economy and enhancing opportunities across the area.

Furthermore SNC and AVDC are actively promoting Silverstone Park as a global destination for innovation, business development and engineering and working to ensure Silverstone also benefits from their position in the Growth Corridor.

Both local authorities are founding members of the STC and sit on the board of the region’s High Performance Technology & Motorsport (HTP&M) group which also includes representatives from local enterprise partnerships.

Yvonne Rees, Chief Executive of South Northamptonshire Council, commented: “Nurturing the economic growth of the high-tech industry is a priority for this area and we endeavour to raise the profile of the STC and grow this network to establish economic prosperity for the district. When it comes to business, South Northamptonshire is ideally located to scale-up and innovate.”

Andrew Grant, Aylesbury Vale District Council’s Chief Executive, enthused: “Aylesbury Vale is an ideal location for growth and development; as Silverstone continues to develop innovation and attract global interest, recognition of the local area reaps these rewards also. We will continue to cultivate the scaling-up of local businesses and this industry.”

Latest figures show that South Northants benefits from:
•    5000+ businesses and 66 business parks, forming an extension to the STC in terms of a broader network and supply chain development
•    Direct support and advice to businesses within the cluster from SNC – this includes its ‘Job Match’ service to source the perfect staff for every local vacancy
•    576 students graduating from Silverstone University Technical College actively seeking their first role in high tech
•    Silverstone Park’s commercial unit opportunities available at the heart of the Technology Silverstone Cluster

Meanwhile Aylesbury Vale is delivering on an ambitious growth strategy, boasting:
•    Three sites benefiting from Enterprise Zone status
o    Silverstone Park specialising in hi-tech engineering businesses, building on the history, heritage and global reputation of the neighbouring Silverstone Circuit
o    Westcott Venture Park developing as a centre for space propulsion
o    Arla/Woodlands with significant potential for increasing employment in agri-food and human health sector
•    Garden Town status awarded to Aylesbury in 2017 helping improve the long-term plans for the town and developing infrastructure proposals
•    One of England’s top performing authorities for housing delivery in the last five years