THE HEART OF THE SILVERSTONE TECHNOLOGY & ENGINEERING CLUSTER
Silverstone Park has been identified as the heart of a world-leading cluster of high-tech engineering businesses now known as the Silverstone Technology Cluster.
In summer 2016, MEPC, the asset manager and developer of Silverstone Park, proudly published a highly detailed report¹ into the evolution of a cluster of high-tech engineering businesses located within a one-hour radius of Silverstone.
It revealed over 3,500 companies operating in advanced engineering and manufacturing, electronics and software development are based within the Silverstone Technology Cluster. These businesses are not just co-locating, but also benefitting from strong relationships over time and a specialist skills pool with strong local roots.
Furthermore, the report shows that the Silverstone Technology Cluster’s extraordinary concentration of talent globally serves a wide variety of sectors reliant on state-of-the-art technologies, and cutting edge design and innovation. These sectors include aerospace, automotive, defence, electronic and software development, marine, medical devices, space exploration and motorsport.
The cluster has quickly been backed by the UK Government and highlights a market of untapped potential. Its growth will strengthen the UK’s position as a world-leading knowledge economy and has been warmly welcomed by the investor community.
Ultimately, the report revealed evidence of the cluster’s dynamics, as well as the beneficial interactions between its high-tech firms, in terms of supply chain activity, business development opportunities and the movement of people between companies.
A new company, Silverstone Technology Cluster (STC), has since been launched to help match investors with untapped high-tech engineering firms.
THE FUTURE OF OUR TECHNOLOGY & ENGINEERING CLUSTER
Through its recognition as the centre of a technology and engineering cluster, Silverstone Park is future proofing the area as a global business destination.
At the start of 2021, the STC has been appointed a national Trailblazer project by the high profile, Government-backed business advice network Be The Business. This will provide tech SMEs located across the engineering cluster with the best in mentoring programmes, peer-to-peer networking, SME advisory boards and leadership training.
Also heading into 2021 and with membership at over 120 businesses, the STC is looking forward to another busy membership-led events calendar; for its four special interest groups (SIGs), a business growth programme and its Annual Conference. Since 2018, it has hosted the VIP Lounge at the UK’s largest event for high-tech businesses, the Advanced Engineering Show. All this activity and more (it co-hosts events with senior industry and govt/policy bodies) adds to its credentials and purpose of promotion, support and thought leadership.
¹ The Silverstone Technology Cluster report was the culmination of eight months’ intense work by SQW – the highly respected economic and social development research specialist whose findings first brought the ‘Cambridge Phenomenon’ to public attention.
The founding members of the Silverstone Technology Cluster are Barclays; Buckinghamshire Council; EMW Law LLP; Grant Thornton UK LLP; Hexagon Manufacturing Intelligence; MEPC and South Northants Council.
Lohmann Technologies and Danihar Technology join the above to complete the board, as industry advisers.
Complete the form below to download the Silverstone Technology Cluster Summary report.
For further details of the full report and case study publication contact firstname.lastname@example.org