Cambridge

By

Emma J

Last Updated: 11, September 2024

Cambridge

  Number of Digital Jobs
  Digital GVA
  High Growth Firms
  Startup Births
  Digital Tech Turnover (millions)
  Average Advertised Digital Salary

What’s there

With a world-leading university, the country’s most mature technology ecosystem, and the presence of major multinationals, Cambridge is a leading digital tech cluster.

The city has produced some of the UK’s most successful businesses: from Acorn Computers in 1978 and Solexa in 1997, to SwiftKey in 2008, Raspberry Pi in 2012 and Darktrace in 2013. The university city is also home to the games studios Jagex and Frontier Developments, as well as many data-driven life science businesses.

What’s new

Last year, Amazon used Cambridge as a testing ground for its experimental drone delivery service Prime Air, while Apple opened an AI lab in the city, after acquiring a University spin-out. What’s more, Imperial College opened a facility on the Babraham Research Campus and Cambridge-based chipmaker ARM was acquired by Japan’s SoftBank Group.

Cambridge Enterprise Seed Funds hit an all-time investment high, funnelling £5.3 million into 14 promising companies. The organisation, which helps university students and staff to commercialise their ideas, is just one of many support organisations offered by the university and the wider community. Tracing back to 1960, with the launch of Cambridge Consultants, today key organisations include Cambridge Angels, St John’s Innovation Centre, Cambridge Network, ideaSpace incubator and Allia Future Business Centre.

What’s up next

The newest addition to the Cambridge ecosystem, the John Bradfield Centre, will open this spring to incubate science and tech entrepreneurs.

The university continues to build its already world-leading reputation in machine learning and further industry disrupting spinouts will continue to form.

  • Ramsey Faragher

    CEO & Founder, Focal Point Positioning

    What we do

    Focal Point Positioning is redefining the state-of-the-art in satellite positioning systems such as GPS, on low-cost devices like smartphones. Our software upgrade to GPS chips is able to solve some of the hardest challenges in position navigation, such as generating position fixes indoors and in dense urban environments.

    Why Cambridge?

    Being based in Cambridge gives us access to well-motivated and highly-talented individuals, as well as a rich community of successful and established “Silicon Fen” entrepreneurs who can provide invaluable guidance and contacts.

  • Fiona Nielsen

    CEO and Founder, Repositive

    What we do

    Repositive is an essential portal that helps researchers to access human genomic data and connect with the research community. By facilitating faster access to data, Repositive assists the diagnosis of genetic diseases and accelerates development of precision medicine.

    Why Cambridge?

    Cambridge is fast becoming the Silicon Valley of the UK, dubbed the “Silicon Fen”. It has an abundance of both web development and biotech talent, and with the London digital tech scene just a 55min train trip away, we couldn’t be better situated.

Economic stats

30,219 Number of Digital Jobs Number of digital jobs – An estimation of employment in the digital tech industries and the digital tech economy. The APS has allowed us to capture digital embeddedness, that is digital experts working in non-digital industries. It also coves freelancers and self-employed workers. (Source: ONS Annual Population Survey)

1.79 Digital Concentration Digital concentration / Location quotient (LQ) – Indicates the geographic concentration of digital business turnover relative to the UK. A value of one indicates average digital concentration, while a value of greater than one indicates a higher concentration. (Source: BSD)

£867 million Digital GVA GVA (Gross Value Added) – Average digital GVA between 2013-2015. GVA measures the contribution of each economic unit by estimating the value of an output (goods or services) less the value of inputs used in that output’s production process. (Source: ABS/BSD) .

15% High Growth Firms High growth businesses – Proportion of digital tech businesses classified as high growth. Refers to businesses with 10 or more employees that are in the top 10% of all companies in terms of growth. (Source BSD, 2015).

353 Startup Births Startup births – Average number of startup births 2011 – 2015 (Source: BSD)

£2.1 billion Digital Tech Turnover (millions)
46,730 Average Advertised Digital Salary Average Advertised Digital Salary – Digital tech economy average salary (2016) in each cluster (source: Burning Glass)

Standard of living

7.36 Life Satisfaction Life satisfaction – Life satisfaction (10 pt scale, ONS data)

£522,820 Average House Price Average House Price – Semi Detached Average House Price (Land Registry, Dec 2016)

11.2 Housing Affordability Ratio Housing affordability ratio – House price to salary ratio

Cost of doing business

36 Commercial Rent Per Annum (£ sq/ft) Commercial Rent Per Annum (£ sq/ft) – Prime office rents (JLL< 2016)

What local startups say is good

95% Tech Sector Growth Potential
92% Overall Quality of Life
86% Strength of Digital Economy

What local startups say is a challenge

54% Lack of Supply of Highly Skilled Workers
46% Limited Supply of Appropriate Property on Competitive Terms
35% Poor Transport Infrastructure
Download more details on survey responses for this cluster