New industries
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Coventry's fine engineering and manufacturing skills heritage has fuelled new industries. The heavy industrial past still remains but focus has shifted to specialised and innovative products, creating new manufacturing models in the process.
New industries are emerging and prospering, with Coventry University and the University of Warwick playing a lead role in developing innovative ideas, particularly in medical technologies and environmental engineering. There has also been huge growth in the knowledge industries, such as research and development, and business services. Finance has been making its presence felt, as has logistics, leisure, ICT and specialist software and hardware.
Science & Technology Parks
Additionally, the achievement in knowledge transfer and developing innovation can be attributed to the various science, technology and business parks around the city that are successfully retaining graduates, promoting new ideas and incubating business.
The idea of business, science and technology parks has taken hold in Coventry. A number of developments in and around the city provide the perfect environment in which new and existing businesses can cluster and thrive. Among them are ProLogis Park, Binley Business Park, Coventry University Technology Park, Westwood Business Park and the renowned University of Warwick Science Park and technology industry.
Coventry has a leading edge on Research & Development excellence, through the ability for businesses to connect into these world-class centres linked to the universities.
With these conditions, Coventry is globally competitive, a leading centre for high-tech industries and home to around 1,000 research and development companies.
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