In the Teesside Cluster Expertise and Infrastructure are Helping Industrial Companies to Thrive and Rise to The Net Zero Challenge
Wilton International and Teesside provide a perfect example of industrial clustering - businesses profiting through co-location and working together to rise to a challenge.
The value-adding benefits of business clustering are well-documented and apply across a broad range of sectors. Locating within hotbeds of excellence can enable companies to innovate, boost productivity and grow.
In well-known examples of clusters such as the City of London, or the high-tech Cambridge Cluster, the emphasis is on a geographical concentration of sector knowledge and expertise (primarily intellectual capital), as well as supply chains and business networks. Knowhow is at the heart of industrial clusters too, and in the case of process industry – chemical manufacturing, for example – shared access to physical infrastructure is also a key driver of co-location, delivering significant value for businesses.