Economy of Cambridge :: London Travel

Web goto-london.com

Economy of Cambridge

Filed under:

Cambridge has never been a heavy industry city. It started as a crossing place for the river now known as the Cam. This river was navigable all the way to Kings Lynn, on the Wash, and so Cambridge, surprisingly enough, was a port, with good trading links to the continent. There is still a lot of trade with mainland Europe through East Anglia, but this now happens along roads instead. Cambridge is surrounded by good quality farmland. It has always been the local trading place for the surrounding countryside. There is a thriving daily market which sells local fruit and veg as well as other goods, and a Farmers Market on Sundays.

Cambridgeshire people come to the city for other shopping and facilities as well, of course, and there are the usual debates between city and country about car parking and ease of access! Cambridge is the county town of Cambridgeshire, and both Cambridge City Council and Cambridgeshire County Council are based in the city. One main shopping area is in the centre, spreading up Castle Hill and along St Andrews Street, including a shopping mall called Lion Yard (entrance Petty Curry). The other main shopping area is around Fitzroy St and Burleigh St, with another shopping mall, the Grafton Centre. There are small shops along Mill Road. There are plenty of bookshops (see below). Two famous shops in Cambridge are Arjuna (wholefood co-operative, excellent for spices) and Fitzbillies (yummy chelsea buns).

The unique factor of the Cambridge economy is the University of Cambridge, which has had an immense effect on the development of Cambridge throughout its history. There is the direct employment caused by the university. Apart from the specialised jobs within the university, the number of university students alone is about 18% of the non-student population, and all these students must eat (and drink!), and live somewhere, and have clean rooms, and be entertained.

Other businesses connected with the university include books. Cambridge University Press is the oldest printing and publishing house in the world. Heffers is Cambridge’s largest bookshop, but there are plenty more, for new and second hand books.

There are over three and a half tourists which visit Cambridge each year. Cambridge does not really encourage tourists, but since they do, they must be looked after.

The greatest spin-off has been Silicon Fen. Trinity College developed some of its land on the north-eastern border of Cambridge into the Science Park in 1970. St John’s College followed with their Innovation Centre in 1987. These provide business support and accommodation for early stage knowledge based companies. They may be started by people and knowledge from the University of Cambridge, but they don’t have to be. The concept has proved very successful, and it is known as the Cambridge Phenomena. It also has traffic jams!

Another employer in Cambridge is Marshall’s, a privately owned aerospace company.

It must not be forgotten that the University of Cambridge is not the only educational establishment in Cambridge. There is another university, APU, and other colleges and schools. There are numerous language schools to teach English.

This means that Cambridge is an expanding economy. This brings wealth into the local economy, which can have its disadvantages. Housing is expensive here and there is some homelessness. Since houses outside Cambridge are cheaper, many people have to commute into Cambridge to work. The housing is not as expensive as London, of course, and some people commute to London via the M11 or rail. There are good rail links to the city. WAGN provides the service from Kings Lynn to London, and Central from Stansted Airport to Birmingham and beyond.

Traffic in Cambridge, as elsewhere, is difficult. The central streets are narrow, and so the centre has had restricted vehicle access. Parking can be difficult. The council has introduced a Park and Ride scheme, where cars can be parked on the outskirts of the city, and there are regular buses into the centre. If you are travelling by car, please be careful of Rising Bollards. These sink into the ground for authorised vehicles, such as buses and taxis, but rise again afterwards. If an unauthorised car tries to get through by following another vehicle, the bollard will rise up under the car. They are well sign-posted, but quite a few cars have been damaged in this way.

Bicycles are a serious form of transport in Cambridge. The sign on the left means no motorised transport - bicycles are allowed. Most of the students at the University of Cambridge are forbidden to bring cars, and many use cycles. It is a favourite form of transport for others as well. The language school students often hire bicycles while they are in Cambridge, and unfortunately many of them are ignorant of the Highway Code. There are many cycle routes, special crossings for bikes and entrances for bikes the ‘wrong’ way down a one way street. So if you intend to bike in Cambridge, behave yourself, and if you don’t, beware of bikes!


Related Travel Information

Introducation of Cambridge
The city of Cambridge is an old English university town and the administrative centre of the county of Cambridgeshire....

Economy of Liverpool
The economy of Liverpool is beginning to recover from its long post WWII decline. Between 1995 and 2001 GVA per...

Getting in Cambridge
Just 60 miles north of London, Cambridge is located in the heart of the East of England, excellent road...


Travel Chronicle: London Destination Guide

Browse the London Destination Guide

Got Text?
You're reading these text links and so are millions of other every month. Place your Adverts Here. E-Mail Us for Details.
 
Plan your Honeymoon in Alaska, Tahiti, Caribbean , New Zealand, Hawaii, Cooks Island, Fiji
 
Learn wide variety of courses at all levels in English and other languages in Delhi at Inlingua New Delhi
 
Plan your Visit to Agra, Jaipur and Delhi through Travel and Hospitality India
 
 
Customized Search Engine Solutions, Search Engine Rankings, Search Engine Promote, Affordable SEO Services, SEO India
 
Cellos and Violas Manufacturer and Suppliers


 
London Travel : Plan Your Trip to London