This week on Cambridge Tech Podcast, we sit down with Dan Thorp, CEO of Cambridge Ahead, to dig into the freshly published Cambridge Economic Overview (CamEO) Report - and the picture is more complicated than the headlines suggest.

The positives are real: 281 equity deals between 2020–2024 (the highest of any UK location outside London), three of the five biggest UK biotech VC deals in Q1 2026 from Cambridge companies, and meaningful government commitments - the Development Corporation, and the AI Hardware plan featuring ARM and Common AI.

But the data has a sting. New company formation has dropped nearly 50% - from an average of 1,129 companies a year (2013–2019) to just 620 in 2024–2025. Knowledge-intensive employment recorded its first annual decline since Cambridge Ahead began tracking in 2011. And businesses are increasingly citing access to scaling capital - not just talent, housing, and transport - as a real constraint.

What makes the CamEO distinctive is its insistence that success shouldn't be measured in GDP alone. Housing access, employment pathways, and mental health support for young people matter too. Programmes like Form the Future and Included are doing important work - but need sustained, coordinated funding to deliver at scale.

Dan's bottom line? "There is no other place quite like Cambridge to innovate and to scale tech companies." The fundamentals hold.

🎧 Listen now on all major platforms.

Headline sponsor Holden Polestar

Produced by Cambridge TV

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