STC membership now past 120 mark

Silverstone Technology Cluster

19th November 2020

The Silverstone Technology Cluster’s membership numbers have continued to rise into Q4 of 2020, surpassing the 120-mark for the first time.

Entering the final week of October, membership stood at 121 – that’s 16 more members compared to just over 12 months ago (a rise of almost 17%).

Software and data management is the most active sector for members with over a fifth of them specialising in that area. The next most prevalent sector is systems engineering.

Excluding the STC’s founding businesses, the below gives an insight into the activity of the STC’s high-tech membership:
• Software/Data Management 22%
• Systems Engineering 18%
• Design, Simulation & Modelling 14%
• Engineering Services 13%
• Innovation & Research 10%
• Electronics 10%
• Additive Manufacturing 6%
• Other 5%
• Composites 2%

STC CEO Pim van Baarsen commented: “It’s very pleasing to see this increase, especially given the circumstances of the last eight months.

“The retention rate remains very high, which I believe speaks volumes for the good work we are doing.”

Of note in 2020, in spite of the COVID pandemic, the STC has:
• Introduced a series of powerful new business growth events for its membership
• Opened the way potentially for new business opportunities by forming partnerships with leading industry bodies such as Medilink East Midlands and Make UK
• Brought companies and their owners closer to government and policy makers via virtual ‘roundtable’ and webinar sessions with the likes of MPs Andrea Leadsom and Greg Smith, both the South East Midlands and Buckinghamshire local enterprise partnerships and Business, Energy & Industrial Strategy-backed business research organisation Be The Business

Pim added: “Everything we do quite rightly comes under scrutiny from our paying membership, so the fact businesses are staying with us is hugely positive – and something I am very proud of.

“People are coming to us because they believe in the work we are doing; they are on board with what we are trying to achieve and can see a positive track record, especially in terms of value for money.”

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