About the Companies on the Science Park

Over its 30 year development history, the balance of CSP tenants and the nature of its physical development have changed. Buildings have become higher rise as land values have increased and the need for load bearing ground floor space increased. The average size of tenant firms has increased, rising from around 35 in the 1980s to about 75 today. As a result, some of the small unit schemes developed in earlier years have been amalgamated for letting to single users. More firms have had their own, purpose-designed, premises built and a small amount of land has been released to private developers who have, speculatively, developed buildings for lease.

Number of tenant firms and employment:
 
YearFirms w/out dataFirms with dataTotal firmsTotal employees*Ave. employees*
1987156176214935.2
198987684284737.5
199057883291837.4
199187684304440.1
1992107080299642.8
199476971364152.8
199626668367655.7
2001-61-457775.0

* among tenants with data


In general, tenants on CSP tend to stay. The first firm came in 1973 and is still on the park today. Cambridge Consultants Limited, the major technology consultancy has grown steadily on the Park since 1979. An analysis undertaken in 1998 indicated that on average, then-current CSP companies had been on the Park for 10 years. In part this reflected the relatively slow growth during the early 1990s, but it also indicated a good deal of loyalty to the Park; reinforced by inertia and a limited range of alternative options locally.

Further - and more recent - evidence for this relative stability is provided in Table below which in a synopsis of all the companies that left CSP in the period 1997-2002. A number of conclusions and inferences may be drawn from these data: over the five year period, the evidence suggests that eight companies left CSP: an average of less than two per year among the companies leaving during this period, the average length of stay on CSP was over 13 years, and two of the departing companies had been on the Science Park since the 1970s seven of the eight departing companies moved to locations elsewhere in the Cambridge sub-region because of issues relating to evolving business models and the fact that maturing companies have changing space requirements

Companies leaving Cambridge Science Park in the period 1997-2002:
 
NameArrived  Departed  DestinationReason for leaving
Intervet19732000Milton KeynesAcquisition of another company and then consolidation
Ultra Violet Products19861998Trinity Hall Industrial EstateWanted to pay a lower level of rent
Coherent19791999Industrial Estate, ElyNeeded less space, CSP could not supply it.
Signal Processors19851999Industrial Estate, HuntingdonWanted less and cheaper space. Rates were an issue.
Goodfellow19852001Industrial Estate, HuntingdonWanted to realise the value of their CSP ground lease building.
Cambridge Cable/NTL19942001Cambridge Research ParkNature of the business had changed
Chiroscience19942000Granta ParkThey needed to consolidate 6 units into 1 and space could not be found at CSP
Peptide Therapeutics19951999Peterhouse Technology ParkWanted the best deal on pre-letting that they could find as they were keen to keep overheads down.


Another factor influencing a company's location is the home locations of firms' staff. For any knowledge-based business, staff are likely to be the most important resource. In a tight labour market such as that of the Cambridge sub-region, this is especially true. In seeking new or additional premises, a key consideration for relocating businesses will be staff retention.

The table below summarises the results of a survey of current CSP employees in terms of their home addresses. It suggests that:
  • close to 40% of employees live in the area extending north and west from Cambridge
  • about 20% live to the north east or east of the City, and a similar proportion live in a broadly defined area to the south
  • some 12% live in a range of disparate locations which are scattered across the broadly defined south and east of England.
Home postcodes of 1152 workers on Cambridge Science Park, 2002:
 
PostcodeDescription  Rel. to CambridgeNumber%age
CB4North and north west of CambridgeNW32228%
CB1Central and south east CambridgeSE12911%
CB6Ely and areaNE837%
CB5North and east of CambridgeNE777%
CB3West of CambridgeW746%
CB2South of CambridgeS545%
CB7East of ElyNE403%
SG8Royston areaSW383%
PE28Somersham areaNW373%
CB8Newmarket areaE323%
PE17Huntindgon area (east)NW293%
PE19St Neots?W252%
PE27St Ives?NW242%
CB9HaverhillSE202%
IP28Bury St EdmundsE131%
PE1PeterboroughNW121%
OtherElsewhereall14212%

Source: Bidwell's survey of Cambridge Science Park tenants, 2002

These findings are significant in the strategic planning of the Cambridge Science Park since as companies mature they seek premises that favour locations that are likely to be least disruptive for existing staff.