Public First research used by Chancellor to drive new OxCam growth strategy
Public First’s research for the OxCam supercluster found that the region, which spans Cambridge, Milton Keynes and Oxford, has an almost unrivalled per capita performance – in patents, scientific publications, human capital, start-up quality.
However, its scale relative to other clusters is small, which means its regional and national ‘spillovers’ are also much smaller than they could be. Through a ground up model looking at key drivers of growth – including human capital, R&D and investment – our research found the region could add £78 billion of cumulative output by 2035. That would pay for the New Hospital Programme 3 times over.
The research outlines policy levers that would allow this growth, including existing commitments (such as East West Rail) and new policies to allow housing, lab space, and catalysts for more investment into the region.
Read the full deck here.