There is general consensus that clustering specific types of economic activity in one location provides economic benefits. In this context, a cluster is a geographical location where enough resources and competences reach a critical threshold, giving it a key position in a given economic branch of activity, and with a decisive sustainable competitive advantage over other locations. Clustering is thought to strengthen the competitive position by increasing the productivity of the companies in the cluster, by driving innovation in the field, and by stimulating the start-up of new businesses in the field.
SQ Consult assessed the potential impact of Cleantech clustering on local or regional economies for Imperial College London, which aims to catalyse the formation of a Cleantech cluster in the greater London area. www.sqconsult.com