Cambridge aims to double the number of unicorns – privately owned start-ups worth more than $1bn – based in the city by 2035.
Under the plans due to be announced today, Innovate Cambridge will outline proposals to boost growth and double the number of multinational businesses to 40 in the area.
Innovate Cambridge identified almost 1m sq m of lab and office space earmarked for development over the next decade that could be delayed because of disputes over planning and a lack of infrastructure.
Lord David Willetts, the former education minister who chairs the Innovate Cambridge partnership, said: “Cambridge needs to provide for its high tech growth.
“The good news is that it is already in the planning system. The bad news is actually getting all this through is tricky, with a whole range of issues.”
