Nowadays Cambridge can boast a wide range of economic activities. Some of its most strong sectors include R&D, ICT, software consultancy, a variety of engineering branches as well as pharmaceuticals and tourism. Many global companies prefer establishing their offices and research centres there, in order to get access to one of the most educated and well-selected talent pool. The University of Cambridge is what makes the local economy really special. For decades, it has affected and shaped the local economy, lifestyle, and the overall reputation of the town. The university itself is a major employer of the highly-qualified workforce as well as the owner of numerous research centres and business parks/labs. More than 20% of the locals are students, and their presence creates a ton of workspaces too. The town has a wide scene of accommodation options, leisure activities, coffee shops, etc. Cambridge University Press is another establishment that appeared on the back of the university. It’s the first-ever printing and publishing house in the world, which still plays a major role in the global market. The town’s reputation draws a lot of tourist attention, and even though it’s not a planned economic branch, the city does its best to welcome and entertain all of them. There are numerous science parks in Cambridge, some of the most prominent ones is Silicon Fen and Innovation Centre. These establishments offer business support, space and equipment to a wide range of startups and young entrepreneurs.
Overall, Cambridge boasts a unique reputation as one of the most prestigious locations to claim a degree and hunt for bright-minded employees. Establishing a virtual office in Cambridge can help achieve a better business image as well as state your presence in the local market.
