Mr Freeman plans to meet Lord Heseltine immediately to ask for funding to boost Cambridge, which is already home to more than 1,500 biotech firms.
"We need fast rail links to London to Oxford and Norwich," said Freeman. "Investors needs to be able to get around, people need to be able to live in neighbouring counties and be able to travel to be part of the world's biggest biotech cluster. The planning [in Cambridge] is being done by a County Council that's never been given proper resources.
"Boy, do we need the Heseltine vision here - we should have a development panel to get this going while keeping Cambridge beautiful and a £1bn for infrastructure. I'm going to see Heseltine next week."
Two weeks ago AstraZeneca, the FTSE 100 pharmaceutical giant, announced it was moving its headquarters to Cambridge.
Derek Jones, chief executive of the Babraham Research Campus in Cambridge. which is currently incubating 44 start-up companies, said: "For the bio-science industry, the AstraZeneca relocation is fantastic, it's a great reflection of the growth and importance here. In terms of infrastructure, it's a bit more problematic - how does Cambridge cope with so many people?"
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