PETERBOROUGH IS A GIGABIT POWERED SMART CITY THAT’S REACHED INTERNATIONAL ACCLAIM FOR its business ingenuity AND RESILIENT ECONOMY
Our digital and physical connectivity has made Peterborough a place where industry can turn its ambitions into reality. We’re the biggest city in the East of England and sit within two of the UK’s fastest growth areas – the UK-Innovation-Corridor, spanning cities from Peterborough to London, and the Oxford-Cambridge Arc, stretching from Oxfordshire in the west to Peterborough and Cambridgeshire in the east. To our most northern area, the Midlands Engine is also improving growth and supporting innovation in our area.
Businesses are excited about the opportunities our area offers. We’re one of the most competitive locations in the country; premium office space goes for 40% the rate in Cambridge and 60% of Milton Keynes; yet a base in Peterborough puts you next to the A1(M), A47 and A11, provides a 39-minute direct train ride to London King’s Cross, and access to an agile, skilled workforce.
40%
of population is under 29
24%
business stock growth 2011-2018
40,000
jobs created 2010-2018
17.5%
population growth 2011-2021
140
languages spoken
Sectors
Peterborough’s diverse economy spans the entire agri-food supply chain, advanced manufacturing and materials, digital and IT, logistics and warehousing, and construction. Businesses are agile and were quick to adapt to new ways of working following Covid-19, taking a lead role in addressing national demand for PPE.
We have one of the highest business start-up rates in the country yet have manufacturers who can trace their legacy in the area back 150 years. Now, our gigabit speed infrastructure is powering the adoption of automation, digital factories, and artificial intelligence, while also allowing our residents to work from home and collaborate around the world.
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Talent
Peterborough has seen the fastest population growth rate of any UK city at 17.5% in last 10 years and our cosmopolitan population is predicted to grow to 225,000 by 2040! Over 140 languages are spoken here and our integration of business and education means we’re addressing industry skills gaps and helping businesses develop their talent pipelines.
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Smarter Sustainability
Peterborough’s internationally lauded circular economy framework and smart city programme is unlocking the economic value of sustainable business practices, helping organisations maximise the lifespan of resources, improve efficiency, find new uses for waste streams, and reduce our reliance on raw materials. Our growth won’t come at the cost of the environment.
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To find out more about what Peterborough has to offer, talk to Opportunity Peterborough
