Understanding the current situation in, and prospects for, specific sectors and sub-sectors of the economy is important for national, regional and local government and for individual firms. Alongside sectors, clusters have increasingly been recognised as a serious vehicle for economic development. Through clustering behaviour, it has been argued that the competitiveness of firms, and by implication the local economies in which they are based, can be enhanced significantly.
Faraday Advance migrated in 2006 from being a standalone Faraday. Partnership focused on automotive and aerospace materials, to being incorporated as a Transport Node of the Materials Knowledge Transfer Network (MatKTN). The KTN is an overarching network of networks in Materials, set up to bring together views of all in business, designers, research and technology organisations, trade associations, the financial market, academia and others in the value network across the materials community. The KTN and its network groups will provide a arrange of activities and initiatives to enable the exchange of knowledge and the stimulation of business innovation.
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