It’s known for its university, grand architecture and river tours – yes, we’ve moved into Cambridge for our latest Look Beyond London feature.
News that Cambridge technology darling ARM is being bought by a Japanese corporate for somewhere around £25bn leaves us with precious few businesses which have the potential to bully the likes of Apple, Amazon and Alphabet.
Part of the Tech City UK initiative, Tech East has been formed to bring together the most prominent tech hubs dotted across the East of England with a view of bolstering the region’s investment and talent opportunities.
According to the Barclays Wealth Prosperity Map, the number of British millionaires has increased by 41 per cent since the start of the decade to 715,000 – with every region seeing a growth in wealthy people.
Thousands of businesses, visitors and residents across Cambridgeshire are set to experience enhanced connectivity as Virgin Media Business plans to offer free public WiFi across more than 100 locations in the county.
The New York Times ran a blog by Mark Scott entitled "A Little Less Tech Luster in Cambridge", the gist of which is that Cambridge is losing out to Tech City in East London. The post reports that "Despite the city’s established pedigree, analysts say Cambridge is starting to lose some of its shine compared with London’s tech industry".
Great news for UK plc. Plastic Logic, buoyed by Russian cash, is moving its global headquarters back to Cambridge from California.