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Regional Environments and Sector Developments: the Biotech Sector in Oxfordshire

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  • Helen Lawton Smith

    (University of London & Oxfordshire Economic Observatory)

  • Saverio Romeo

    (University of London & Oxfordshire Economic Observatory)

Abstract

This paper explores the interdependence between national policy, the local characteristics of the UK’s biotechnology sectoral system of innovation and the growth of Oxfordshire’s biotech sector. It considers on the one hand the county’s research capacity and on the other its innovation performance. The latter is captured by a series of indicators from a recently completed study of the sector, recording the sector’s evolution both in the number of firms and their employment size, their status (independent, merged/acquired), product group and contribution to local employment and wealth creation. It considers the implications of the relative weaknesses in the system of innovation in this sector which relate to an underperformance of its firms in relation to the strength of the science base.

Suggested Citation

  • Helen Lawton Smith & Saverio Romeo, 2016. "Regional Environments and Sector Developments: the Biotech Sector in Oxfordshire," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(4), pages 905-919, December.
    • Handle: RePEc:spr:jknowl:v:7:y:2016:i:4:d:10.1007_s13132-015-0303-2
    DOI: 10.1007/s13132-015-0303-2
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    References listed on IDEAS

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