Impact of the Babraham Research Campus
Babraham Biotechnologies (BBT) and their campus partners (the Biotechnology and Biological Sciences Research Council and the Babraham Institute) commissioned a research team to identify and capture a comprehensive evidence based understanding of the benefits of the Babraham Research Campus.
The team consisted of Cambridge Econometrics, Cambridge Economic Associates, Centre for Business Research, Savills and Professor Lisa Hall.
Outputs from the impact assessment will be used to inform the future development of the Campus and the overall contribution it makes to the Cambridge and British economy.
As part of the study, Cambridge Econometrics:
- estimated the operational impact of the Campus on the UK economy based on the financial expenditures of companies on the Campus
- undertook an input-output (I-O) analysis to quantify the direct, indirect (supply-chain) and induced (income) effects of the companies on the Campus
- developed an I-O economic impact tool based on the 2015 UK Input-Output table produced by the Office for National Statistics (ONS), which captured the output linkages between 129 sectors and between different agents in the UK economy and the rest of the world; and
- carried out a series of interviews with representatives of companies located on the Campus to understand their experiences in more depth and the extent to which the Campus has supported their growth and performance, as a way to assess the additionality of the Campus.