There’s too little to support smaller companies and new opportunities, says Emma Flynn
The role of ‘place’ will be crucial if the government is to achieve its target to spend 2.4 per cent of GDP on research and development by 2027. This is for two reasons: first, reaching the target will require all regions to play a role; second, success is most likely when regions play to their strengths.
Universities will be central to the place agenda, for their excellent research, nationwide reach, and understanding of, and engagement in, regional economic and social environments. Few towns or small cities are home to half-billion pound technology businesses, but many have a university.