Consultancy scoops six-figure contract to help drive growth in UK economy
Leeds-based data consultancy, The Data City, has been hired for a six-figure project with the Department for Science, Innovation and Technology (DSIT) and Cambridge Econometrics.
It has been chosen to map high-potential business clusters around the UK. The work will help DSIT drive the growth of the UK economy and support the Government’s Growth Plan.
It will see expert analysts from The Data City working with both organisations to explore science, technology, research & innovation cluster formation and performance.
The project involves identifying groups of businesses with a high potential for growth and sharing characteristics that can be defined as a cluster. The Data City is mapping the UK’s emerging economy, providing researchers, policymakers and investors with real-time data on dynamic sectors and the companies within them.
The primary focus of the study is to identify groups of firms that meet the different criteria and can be considered true clusters.
The team will then identify groups of firms based on their patterns of activity and location.
Once the data has been collected, processed and checked, it will be used to produce the final report, added to the cluster database, and built into an interactive website created by The Data City.
The Data City provides real-time industrial data on the most dynamic emerging economic sectors.
It has spent the last seven years working with industry bodies, academic and sector experts and Government departments to build a library of new economy sector classifications that, once classified, are made available to all of its customers.
Alex Craven, CEO, said: “It is a testament to the hard work of our team that we can work 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 support is targeted to companies with great potential for growth and job creation.”
