Our objective is to maximise the potential for job growth in Cambridgeshire by facilitating programmes of economic growth and development across the county through attracting external resources and inward investment, influencing policy development, the promotion of skills, and influencing the conditions for development through the planning process.
Current plans and initiatives
Local Enterprise Partnership (LEP)
The Greater Cambridge Greater Peterborough Local Enterprise Partnership was given the green light by Government on 26th October 2010, following the submission of a bid in September 2010, to help drive forward sustainable economic growth in the partnership area.
The key areas of focus agreed are:
- skills and employment
- strategic economic vision
- housing and planning
- economic development and support for high growth business funding, including EU funding, regional growth funding and private sector funding. You can find more information on the LEP website
- Get exporting - a new campaign to provide businesses with the exporting guidance, support, inspiration and advice needed to help them grow
Economic Strategy for Greater Cambridge 2009-2012
The current strategy was produced in 2009 by partners in the Greater Cambridge area. It is anticipated that future strategies will be developed through the Greater Cambridge Partnership LEP.
The unit proactively engages with businesses looking to relocate to Cambridgeshire.
Monthly reports contain general business intelligence gathered from a variety of sources including: local newspapers, online sites, government bulletins, together with information on business expansions and closures in each of Cambridgeshire's districts. Copies of the reports can be downloaded via Cambridgeshire Insight
Externally funded programmes
Work is ongoing with partners on the Fens Adventurers - Leader Programme.
Agri-tech Growth Initiative
Funding has been secured for the Eastern England Agri-tech Growth Initiative. This initiative will provide a significant boost to the existing food production and research cluster in our LEP area and the neighbouring New Anglia LEP area, by investing £3.2 million in business assistance, skills and commercialisation of R&D.
Bringing together leading agriculture, research, science and technology assets in the Eastern England area will strengthen a nationally significant, vibrant new cluster that brings a truly global reach and impetus to the emerging UK agri-tech sector delivering 500 new jobs, 25 new businesses and over £30 million in GVA, at the same time as helping to secure the future success of the sector for the next 25 years.
As part of this initiative a new £500,000 fund has been launched to support the creation of a new Agri-Tech Innovation Centre in the Eastern area. The Fund (worth up to £500,000) has been created to establish a Centre that can act as a focal point for the translation of research concepts into application in the agricultural and food processing sector.
It should provide facilities meetings, conferencing, training and specialist skills development. Further details are available on the Enterprise Partnership Website.
Tourism promotion and support
Working closely with district councils and Visit England, we promote the county to overseas visitors and also supports and promote the county tourism website.
The Cambridge Cluster at 50
The council has support a study, funding by EEDA, to consider the future for the Cambridge Cluster and the wider Greater Cambridge economy.