Why Peterborough

PETERBOROUGH IS A GIGABIT POWERED SMART CITY THAT’S REACHED INTERNATIONAL ACCLAIM FOR its business ingenuity AND RESILIENT ECONOMY

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 three of the UK’s fastest growth areas – the London-Stansted-Cambridge-Corridor-Consortium, the Oxford-Cambridge Arc, and encompassing our most northern area, the Midlands Engine.

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

62.2%

working age residents

140

languages spoken

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Sectors

Peterborough’s diverse economy spans agri-food, advanced manufacturing and materials, digital and IT, logistics and warehousing, and construction. Businesses have been quick to adapt to new ways of working following the coronavirus outbreak, and have even taken 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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Text-with-image--Manufacturing

Talent

Peterborough has seen the fastest population growth rate of any UK city at 1.6% per annum over the last 10 years and our cosmopolitan population of over 200,000 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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Sustainability why pboro

Smarter Sustainability

We’re growing fast, but we don’t want this to come at the expense of the environment, and neither do local businesses. Peterborough’s world leading circular economy framework and smart city programme is helping organisations maximise the lifespan of resources, improve efficiency, find new uses for waste streams, and reduce our reliance on raw materials. It’s also raised our area’s international profile, and is securing investment from businesses keen to testbed their ideas before scaling up.

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Next Steps...

To find out more about what Peterborough has to offer, talk to Opportunity Peterborough