Economic success throughout the Corridor has been achieved through the development of knowledge-led sectors and their supply chains that rely upon constant innovation to improve competitiveness.
These sectors include aeronautics, cryogenics, automotive, motorsport, robotics and autonomy, scientific instruments, advanced manufacturing, health and life sciences, including digital health medical technology and drug discovery, green energy, space technology and data gathering and manipulation.
Each of these sectors provides high value employment requiring highly skilled employees who live and spend their salaries in the area which in turn stimulates the service sectors. Increased connectivity will improve the innovative opportunities throughout the Corridor.
Businesses are already complaining that a lack of skills, particularly at the higher level, is holding back growth and their productivity and competitiveness.
One of the most crucial barriers to continued success is the lack of sufficient suitable and affordable housing stock, particularly in Oxford and Cambridge where house prices actively acts as a barrier to attracting and retaining staff and students.
Pressure on the housing market has led to increased commuter zones for the individual nodes along the Corridor.