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Doing Business In Peterborough

Introduction To Peterborough

Peterborough is entering a new and exciting phase in its growth. With our already thriving, cosmopolitan city set for a £1bn regeneration project, Lynch Wood Park will soon become more connected than ever.

Historically famous for its towering cathedral, Peterborough is now known for being the UK’s first Gigabit City and, thanks to imminent rail investment, will soon be a mere 39 minutes away from London by train. With wider investments, including the £3m UK Future City Demonstrator Fund announced, this soon to be Smart City will also be making further strides to protect the environment whilst increasing productivity. In fact, Peterborough’s economic activity level is already higher than the UK and regional average.

Home to world-class leaders in a range of industries and home to 10,909 businesses, Peterborough is a hub for businesses of all sizes – whether they’re hi-tech giants or innovative start-ups – and with a brand new university on the way in 2022, the future is looking even more exciting. There really is no better time for businesses to put down roots in this historic, modern city.

The City’s Investment

£1bn
City Centre Regeneration
£1.2bn
On The East Coast Mainline
£43m
Railway Development
£20m
Towards Peterborough’s New University
£3m
UK Future City Demonstrator Fund
£30m
Full-Fibre Gigabit Network

Benefits of setting up a business in Peterborough

Well connected for major UK destinations
UK’s first Gigabit City
One of the highest business start-up rates in the UK
Robust economy – 7,160 businesses spanning world class manufacturers, global food producers. Hi-tech giants and innovative start-ups
Bustling high street – one of the highest retail occupancy rates in the UK
Global leader of smart city infrastructure and circular economy
Economic activity level higher that UK & regional average
Excellent connectivity, only 39 minutes from London with the fastest intra-city commuting speeds in the UK
Peterborough has witnessed significant growth, being ranked the fastest growing city in the UK 2001-2011 and the second fastest growing city in the UK 2004-2014
Growth in GVA in Peterborough from 2010-2016 was 21.9% – higher than regional and UK levels
The economic activity rate of its population is above the UK national average
Home to SMEs, innovative start-ups and some of the world’s largest and most successful organisations, Peterborough is an exciting city helping businesses deliver competitive advantage
Only 39 mins from King’s Cross, a very attractive house price:earnings ratio, and more green space than you can shake a very long stick at, why would you want to be anywhere else? And given the regeneration planned for the station quarter and the new University on its way, then things are only going to get better for landlords and occupiers alike from here in!
– Tom Hennessy, Opportunity Peterborough

So why Peterborough?

With its affordable costs, gigabit connectivity, fantastic location, transport links and thriving talent pool, Peterborough has fast become one of the premier destinations in the UK to work and do business.

Give our team a call today to find your business its next home here in Peterborough’s primary business hub.

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