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ECONOMIC GROWTH

Company clusters: the key to success

Backing high-growth potential businesses in the Black Country and elsewhere is vital for boosting regional economies, says Vasant Chari.

(c) Jonathan Shot / Shutterstock

I recently read the Centre for Cities' report Cities Outlook 2026 with interest. It details how a number of UK cities have bucked downward trends in disposable income per person. They have done this with a focus on strong economic fundamentals, particularly through nurturing concentrations of innovative businesses by creating conditions for firms to grow locally.

This is important to us at Connected Places Catapult, where our mandate is supporting high-growth potential businesses to scale and succeed in transport, construction and digital infrastructure. By using our industry partnerships, technical expertise and procurement knowledge, we help reduce risk for UK companies, strengthen routes to market and improve access to investment.

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