Europe

Where are the high-value business clusters?

Wallace-and-Gromit-300px-REXKeep your friends close and your enemies closer, so the old saying goes.

Business clusters are not a new idea. There has always been safety in numbers. Whether you want to exchange ideas with others in your business sector, poach their staff or simply keep an eye on a rival, people in the same line of work tend to stick together in the same localities.

But today, business clusters are not just happy accidents – in the UK they have become a key way of understanding the economy and of driving economic growth. According to analysts at McKinsey and the London-based think-tank the Centre for Cities, there are now 31 well-defined…

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