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The City of Opportunity

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The City of Opportunity THE TIME IS NOW PETERBOROUGH: THE CITY OF OPPORTUNITY OUR CITY: WHERE WE ARE an extremely well connected city FOR major UK destinations EDINBURGH City Centre to A1(M) in WELCOME TO UNDER PETERBOROUGH 15 MINUTES international One of the UK’s fastest growing airports less and best connected cities than 2 hours away by road York Leeds & Bradford 2 HOURS Manchester DRIVE to Felixstowe A1(M) East Coast Main Line and PORT OF LONDON Nottingham East Midlands A47 Norwich A14 Direct trains BIRMINGHAM PETERBOROUGH Direct to Birmingham A14 & Birmingham International Cambridge A1(M) Felixstowe Luton Freight Stansted 39 minutes Oxford Port of London to London King’s Freight Cross Station Heathrow LONDON DEVELOPMENT OPPORTUNITIES | 2 OUR CITY: BENEFITS SO, WHY PETERBOROUGH? OUR CITY is changing, and fast Peterborough is We’re one of the UK’s fastest Gigabit city > Retail catchment of nearly growing cities with a unique Since becoming the UK’s 1 million entering a new and history as an ancient cathedral first gigabit city in 2013 > One of the highest business exciting phase in its city and designated a New we’ve now got a full-fibre start-up rates in the UK Town in the 1960s. Now we’re network to nearly every home growth. A thriving, set to be a driving force within and business premises in > The city also sits within a one of the most innovative and Peterborough. major growth area of the UK cosmopolitan city creative areas of the UK. – covered by the London- Stansted-Cambridge with medieval We want to work with Affordable Corridor and the Oxford- developers, investors and Some of the most affordable roots, our stunning Cambridge Arc within businesses as ambitious as we property and land prices in the Cambridgeshire & cathedral sits in the are to secure Peterborough’s the country within commuting Peterborough Combined continued economic success distance of London: centre of a vibrant, Authority and make it the best place to multicultural city live and do business in the UK. > Average house price WHY c.£235,000 Forward thinking that celebrates its Young, diverse and > Grade A office space attitude diversity. growing fast £13.50 per sq.ft We’re a global leader of smart city infrastructure and circular Our cosmopolitan population > Prime industrial space at economy – leading the way for of over 200,000 is predicted to between £5.75 and £7.25 a more sustainable future. grow to 225,000 by 2040. per sq.ft > Fastest population growth Diversified and robust High employment rate rate of any UK city at 1.6% economy Our economic activity level of per annum over the last 79.3% puts us higher than the A robust and resilient local 10 years UK and regional average. economy of over 7,160 > Diverse and young businesses spanning world population: 62.2% working University class manufacturers, global development plans age residents, 20.6% food producers, hi-tech giants non-UK nationals and innovative start-ups, and In 2022, a new University in NOw? > It’s projected that 17,600 a strong professional services Peterborough will be open new jobs and 19,440 new sector: with plans to enrol 12,500 homes will have been students by 2030. developed between > A bustling high street with 2015 – 2036 one of the highest retail occupancy rates in the UK Peterborough is attracting more and more national and global businesses, the unrivalled transport links and exciting plans for growth make the city a great choice for businesses seeking to relocate or expand - PETERBOROUGH CITY COUNCIL DEVELOPMENT OPPORTUNITIES | 4 OUR CITY: READY FOR GROWTH READY FOR GROWTH full-fibre gigabit network to every home and business £1 billion £30M premise in the city city centre regeneration £120M at Fletton Quays £3M to bring 350 luxury WHAT WE apartments, Hilton UK Future City Demonstrator Fund Garden Inn Hotel, to develop Smart City and circular gin distillery, and economy programmes to protect the modern office environment and drive up productivity spaces ARE DOING £1.2 billion £43M on East Coast Main Line will railway station redevelopment bring the Peterborough – London commute down to Nearly 5 million passengers just 39 minutes used Peterborough train station 2017 – 2018 NOW £20M £60M towards a brand-new university which 77,000 sq ft extension of Queensgate will have 12,500 students by 2035 shopping centre, including a 10-screen multiplex cinema DEVELOPMENT OPPORTUNITIES | 7 OUR CITY: CURRENT DEVELOPMENTS OUR CITY: CURRENT DEVELOPMENTS “Fletton Quays will provide a new community for Peterborough’s expanding population, providing high class city centre apartments “The £60 million extension, anchored by a 10-screen Guy Thomas Head of Retail at Empire Cinema, will sit alongside new restaurant Landlease in a striking brands and bring further opportunities whilst positionING Queensgate SHOPPING CENTRE as a architectural style. significant retail and leisure destination” The redevelopment of the South Bank is also HOUSING GROWTH Since 2010, Between 2010 - 2017 over enhancing the city centre time economy and bringing sure to cement Peterborough’s status as one 5,000 homes were built and riverside. A mix of brownfield sites back to life. Peterborough across the city at the residential and commercial These areas will make way for Hamptons, the Ortons and development opportunities of the UK’s fastest growing cities” has consistently a growing number of highly Fengate, providing amenities within some of the busiest skilled young professionals in ranked among and open areas for growing areas of Peterborough are search of an affordable and families. creating fresh opportunities convenient base. the top 10 UK with a busier high street, As growth continues across an even more lively night cities for growth the city, the focus is now on in its housing stock. Bob Weston Chief Executive and Chairman of Weston Homes DEVELOPMENT OPPORTUNITIES | 8 OUR CITY: DEVELOPMENT AREAS OUR CITY: DEVELOPMENT AREAS A growing city OUR CITY: Peterborough has a wealth of investment opportunities. OPPORTUNITY SITES KEY Opportunity sites 1 Station Quarter 2 North Westgate 3 Northminster Peterborough Station Quarter 4 Rivergate City Council Peterborough Station is a vital rail intersection on the East adopted its local Coast Main Line. Over 5 million passengers use the station 5 University every year with growth of 3% per annum over the next 5 years. plan in July 2019. There is a major opportunity to create a high-quality 6 Embankment This sets out the user experience that will transform visitor impressions of 7 Middleholme overall approach Peterborough and boost the city’s potential as a business location. to development 8 Fletton Quays The vision shared by Network Rail, LNER, the Council and 2 in Peterborough B Combined Authority is to create a state-of-the-art station 1 ou r g gateway building with a new office park and surrounding es to 2036 and Boul 3 retail facilities. North Westgate e v beyond. The a r d schemes outlined This city centre site close to the station is ideally placed for are supported by commuters who want to make 1 the local planning the most of the 39 minute 1 train service to London. North policy. Westgate has plenty of space PETERBOROUGH for commercial and residential premises. CATHEDRAL Bishop’s Road 5 Fengate The ambition is to support city centre based, residential lifestyles providing excellent Northminster access to retail, cultural and leisure amenities. Planning The vision for this site is to policy supports mixed-use 4 create major residential-led, redevelopment including a KEY THEATRE mixed-use development range of retail, employment, 6 within an enhanced public housing, office and leisure realm. The site has potential uses, which integrate 7 for over 150 dwellings effectively with the existing and a new multi storey car retail area. park. Development should protect and enhance local London Road Embankment 8 historic assets, including the Cathedral Precincts and and Middleholme Peterscourt. The council will These sites present exciting support proposals to improve opportunities for major multi- or relocate the market. use commercial sport/leisure/ Interested in further LONDON ROAD information? STADIUM culture facilities and activities, Rivergate and when combined with Contact Opportunity Peterborough: planned pedestrian and Rivergate provides an important [email protected] cycle links, they will be well link between the city centre, the or visit investinpeterborough.co.uk University connected to the river, the River, Embankment and Fletton railway station and the City Quays. There are opportunities From 2022 Peterborough will become home to a new business Centre. Middleholme is for further redevelopment with and technology focussed university with a curriculum geared to identified as an area for future housing and independent retail, high growth sectors of the economy. The campus will expand to residential development with DEVELOPMENT OPPORTUNITIES | 10 food and beverage use. accommodate over 12,500 students by 2030. a high design quality. OUR CITY: LOOKING TO 2050 OUR CITY: OUR ENVIRONMENT OUR CITY: OUR CITY: LOOKING TO 2050 OUR ENVIRONMENT Peterborough is Peterborough City Council > Invest in public realm and Opportunity knocks Since it became The success of our We’ve shared Peterborough‘s have delivered a wide range has a clear plan for the city’s greenspace to enhance the economy shouldn’t come circular economy and of projects that empower entering a new future with an ambitious city centre environment Peterborough also lies at the one of four UK at the expense of the smart city experiences residents to live sustainably, focus on long-term renewal of meeting point of two of the environment. That’s why at over 30 international shape the city’s future plans and prosperous > Work closely with Network Environment the city’s fabric.
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