Skip to content
Saturday 25 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,736.23
+0.91%
DAX
25,099.00
+1.36%
CAC 40
8,372.28
+0.88%
STOXX 50
6,280.94
+1.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 17 February 2011 7:16 pm  |  Updated:  Thursday 30 May 2019 8:46 pm

How to make Britain’s future

By: KCS-content

Add as a preferred source on Google

PEOPLE should stop trying to make money out of money and make money out of inventing things,” James Dyson tells me, “it’s the best way to revive our economy.”

Clearly a man of his word, he had literally just placed the last ceremonial brick on his latest philanthropic venture: the Royal College of Art’s (RCA) new building. “I’m very excited about the people and ideas that are going to come out of this building,” he says.

The building itself is pretty special too. It has been designed to provide 40 incubator units for Design London students to house their designs while they work on commercialising them. The programme, Dyson proudly explains, is a partnership between the Royal College of Art and Imperial College’s engineering faculty and business school, where a whopping 80 per cent of student projects secure further funding or become businesses in their own right.

Dyson is understandably enthusiastic about the college. He went there himself, initially studying furniture design before making the leap into industrial projects. After graduation he worked for a few engineering companies, designing Edison-style: observing the world around him and making prototype after prototype of his ideas.

He discovered his most famous invention after a chance visit to a sawmill. He noticed how the saw dust was removed from the air by large industrial cyclones. He wondered whether that principle could work on a smaller scale within a vacuum cleaner. When he got home he took apart his vacuum cleaner and rigged it up with a cardboard cyclone and cleaned his room with it. He was impressed that it picked up more dust than his old bag machine. This begun a long battle for funding and licensing the design. Dyson was supported by his wife’s salary as an art teacher until he secured a funder.

Dyson hopes to use the work of his foundation to get young people to follow in his footsteps. He says: “As a nation we’ve become too scared to take risks, but it’s through experimentation and failure that new ideas are born. Britain needs this now more than ever before. Over the last fifty years we’ve forgotten how good we are at making and developing technology to sell to the world.”

CV | JAMES DYSON

Born: Norfolk, England

Lives: Wiltshire

Age: 63

Family: Married with three children

Studied: Royal College of Art

Facts:
It took 15 years and over 5,000 prototypes to launch the first Dyson DCO1 vacuum cleaner.

Dyson vacuums are sold in over 50 countries

One in every three households now owns a Dyson vacuum cleaner

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Jobs and Money

Categories

  • Money

Related Topics

  • NULL

Trending Articles

  • ‘Extremely dangerous’: AI warfare much bigger threat than LLM model advances, experts warn

  • Calandagan has Extremely good chance of going back-to-back

  • Nothing Funny about Regina’s hopes in Princess Margaret

  • Exclusive: Nothing slashes jobs in cost-cutting push

  • Bank regulation, not austerity, explains why Britain is poorer than America 

More from City PM

  • SailGP, rugby and PJL: Inside the new £50m budget sporting asset class

    Sport Business
    Getty Images logo on a digital screen, representing media and stock photography in a business news context
  • Devolution will create losers too

    Opinion
    Andy Burnham discussing Manchesters Bee Network public transport initiative at a city council event.
  • How Swatch and Audemars Piguet pulled off the ultimate high-low watch collab

    Life&Style
    Swatch watch collection showcasing vibrant colors and innovative designs on a sleek display, perfect for fashion enthusiasts
  • Making it in the UAE – Donna Benton

    Partner
    Donna presenting at The Entertainer event, showcasing new products, surrounded by an engaged audience in a lively atmosphere.
  • Patent cliff fuels Novartis’ $1.5bn swoop for London biotech

    Healthcare
    Hikma produces generic drugs
  • London doesn’t need more social housing, it needs more housing full stop

    Opinion
    Luxurious mansions surrounded by manicured gardens in an upscale residential neighborhood, highlighting opulent housing tr...
  • As it happened: Stocks rise but oil tops $95; inflation eases

    Markets
    Man in suit and red tie speaking at a podium to an audience in a modern building.
  • Nationwide rebel claims he was offered sweetener to drop boardroom bid

    Banking
    Nationwide has been slapped with a fine by the City watchdog.
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook