"Bristol's headcount at innovative companies surged by 65% between 2019 and 2024, while Edinburgh's workforce grew by 43%, outpacing Oxford and Cambridge significantly."
"Despite the workforce growth in regional hubs, 80% of venture capital in the UK is still directed towards London, Oxford, and Cambridge, indicating a persistent funding gap."
"Karim Bahou emphasizes the need for cities outside the golden triangle to establish 'innovation corridors' to foster collaboration and improve access to capital."
Bristol's workforce in innovative companies grew by 65% from 2019 to 2024, while Edinburgh's increased by 43%. This growth surpasses Oxford and Cambridge. Despite this, 80% of UK venture capital is still concentrated in London, Oxford, and Cambridge, highlighting a funding gap. The study suggests that cities outside the golden triangle should create 'innovation corridors' to enhance collaboration and funding opportunities. Manchester is noted for its strong performance in innovation on a per-capita basis, matching London.
Read at Business Matters
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