Norwich named as one of UK’s biggest areas of excellence in research
Norwich has been named as one of the UK’s biggest areas of excellence in research and just a quick look around the city and wider area and it’s easy to see why. The city boasts the third highest concentration of research parks in the UK, with its two leading universities – the University of East Anglia and Norwich University of the Arts – being central hubs for this high level of intensive research. The high numbers and skill levels of graduates from these pioneering institutions supported a 21% increase in digital business in the area between 2010 and 2013 with almost 20,000 people working in the sector today.
At the centre of this boom in research and development is the world-renowned Norwich Research Park. It’s home to more than 3,000 scientists and 12,000 support staff from around the world. More than 75 science and technology businesses are shaping our future here, and in 2018 the new Quadram Institute will open. This will bring a multi-million pound food and health research centre to the area, looking at global issues in food, health and disease.
As well as the Norwich Research Park, there is the Tech Corridor running between Norwich and Cambridge. If you are looking to establish or expand your business, then this could be the perfect place to do it. The corridor connects the two major economic and knowledge centres of Norwich and Cambridge, as well as a number of other tech hotspots – creating a 100km stretch of the most exciting business opportunities in the UK.
With its clusters of world-leading universities and research institutes, combined with a key supply chain of graduates and skilled workforce, the corridor has created a space where ideas can grow. And this is all backed by a strong political commitment to the corridor’s future. In the corridor ‘initiative links the clusters to develop a cross-sector ecosystem for collaboration, innovation and technology convergence to drive clean, efficient, technology-based growth’, which helps to make Norwich one of the best and biggest areas of excellence in research in the UK.
What this also means is that the city continues to grow as an excellent place for property investment. With such a bright future and a thriving jobs market, plus the two large education institutions in the city, there is a high demand for rental properties. If you’d like to know more about property investment in the city and surrounding area, get in touch with a member of the Agile team.
To find out more about the local and national property market, or if you would like to chat about anything to do with property investment, give us a ring on Norwich 01603 567804 or send us a message.
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