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Knowledge economy

In 2006, The Work Foundation - a not-for-profit organisation that brings organisations together to improve economic performance and the quality of working life - identified Edinburgh and London as the UK's 'Ideopolises' - cities that have adapted most rapidly to the demands of the knowledge economy and that drive growth in the wider city-region. The study was the culmination of a year-long research project covering ten UK and four international cities.

Nearly half of Edinburgh's population are employed in ‘knowledge jobs’ - including science and technology, education, communications, financial services, business services and research. Only Oxford and Cambridge have more graduates in their workforces.

Research shows eastern Scotland's distribution of employment in knowledge intensive sectors is heavily concentrated in the following areas;

  • Edinburgh 62.7%
  • Dunfermline 6.9%
  • Falkirk 5.3%
  • Kirkcaldy 4.8%
  • Stirling 4.1%.

Knowledge intensive sectors are industries that are defined by the intrinsic nature of their final outputs  – technology, publishing and communications, finance and business services, scientific research and development and education (including libraries), cultural and creative activities.

Meeting

(Image courtesy of Bright Grey)

Edinburgh can rightly claim to be an Ideopolis. It is highly knowledge intensive, has a highly skilled population and a range of economic strengths.

The Work Foundation, Ideopolis: knowledge city region (2006)

© Edinburgh Brand 2007