At The Data City, we are thrilled to announce our latest collaboration with the Department for Science, Innovation and Technology (DSIT) and Cambridge Econometrics.
Together, we have secured a significant six-figure project that aims to map high-potential business clusters across the United Kingdom. As a leading data-as-a-service company, we are excited to contribute our expertise in economic data analysis to support DSIT’s efforts in driving the growth of the UK economy and advancing the government’s Growth Plan.
Identifying and analysing true clusters
The core objective of this ambitious project is to identify and define “true” clusters of businesses with exceptional potential for growth. Our dedicated team of expert analysts, based in Leeds, will undertake a multi-stage study that involves collecting, processing, and analysing four primary datasets. By carefully examining the patterns of activity and geographical locations of firms, we will be able to pinpoint clusters that exhibit distinct characteristics and significant growth potential.
To ensure the accuracy and effectiveness of our cluster identification process, we will conduct network analysis using two key datasets: the UKRI (UK Research and Innovation) and Patent and Academic Activity Datasets. By linking and analysing these databases, we will create a comprehensive and reliable list of high-potential business clusters across the UK.
We will be working closely with Cambridge Econometrics who will be responsible for processing secure microdata and ensuring non-disclosure before sharing it with other project partners. This rigorous data security protocol guarantees the protection of sensitive information throughout the entire project.
Delivering valuable insights
Once the data collection, processing, and verification stages are complete, we will leverage the findings to produce a comprehensive report. Additionally, we will add the identified clusters to our cluster database and integrate them into an interactive website that we will develop. This platform will provide real-time insights to researchers, policymakers, and investors, empowering them to make informed decisions based on dynamic sectors and the companies operating within them.
Alex Craven, CEO of The Data City, said: “It is a testament to the hard work of our team that we can work in partnership with leading organisations to play an important part in the UK’s Growth Plan. The innovative approach we have proposed will prove more effective in identifying a wider selection of clusters of different types than any single approach would be capable of, leading to a much more comprehensive and detailed picture of the UK cluster landscape that will ensure that support is targeted to companies with great potential for growth and job creation.”