Some 20 per cent of the British workforce is employed in this sector, according to the Science Council. Despite Britain only making up around three per cent of the worlds spending in research and development, it still produces sic per cent of the worlds scientific publications, and punches well above its weight in almost all other metrics.
A major reason for this can be found in the tendency of British science organisations and companies to “cluster” in dense geographic spaces. From Manchesters original cotton industry to Hollywood film studios in the US, there is a strong historical precedent of clusters of organisations from a particular sector working in the same place to generate powerful economic success.
This is because clusters provide a common pool of expertise and skilled workers, easy access to suppliers, and shared best practice for companies. Science parks, innovation districts and university campuses, which closely pack multiple organisations and companies together, demonstrate the rewards of clustering. The University of Edinburghs Roslin Institute, for example, contributes almost one third of a billion pounds to the British economy a year, according to BiGGAR Economics.
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Cluster theory is applicable in technology as well; the collaborative environment in San Franciscos Silicon Valley has been essential to the areas accomplishments. In the UK, successful companies specialising in robotics and semiconductors have proliferated close to Bath and Bristol in the “Silicon Gorge” cluster. As Tech City UKs Tech Nation report found, these technology clusters are developing up and down the country.
The economic case for “clustering” is straightforward. A report published by McKinsey and think-tank Centre for Cities found that while bosses in clusters constituted eight per cent of the UKs businesses, they generated 20 per cent of the countrys output. The UKs science and technology industry is undoubtedly underpinned by this phenomenon, which drives significant contributions to the British and European economy.
There are potential obstacles to this growth in the future. Many of the UKs more traditional science parks are at around 95-100 per cent of capacity, which could threaten the sectors future expansion and innovation. It is vital that British science is given the space that allows companies and organisations to collaborate and flourish. But applying cluster theory more broadly is a simple way for this important industry to continue to flourish.
Angus Horner is director of Harwell Campus.
While employers are crying out for science recruits, several studies have pointed to the fact that graduates often pursue different careers after study due to a lack of desire to work in the field. According to Dan Sullivan, enthusiasm for science can be ingrained at a young age, and his company, Empiribox, aims to rally up some future scientists.