With news that Peterborough is expected to be one of England’s fastest growing cities by 2025, and investors backing a £130m regeneration of the city, it is no wonder that many have are looking to the area.
It is fast becoming a new hub for a lifestyle full of cheaper house prices, a larger disposable income and a short commute to work, should this be something you’re looking for.
Named as one of the most affordable commuter cities and highlighted as one of the top 10 places to raise a family, there has also been a 373% increase in the total number of jobs available in the area.
With an influx of new digital based businesses, and Peterborough coming second in the list of cities of new jobs created, there is a lot more opportunity in the area than many people would expect.
Peterborough based financial services company BGL Group’s research showcases the benefits of leaving the London rat race and relocating to Peterborough.
Cheaper property prices, a greater disposable income and a better quality of life are all highlighted as major benefits of making the move.
With Peterborough being just a stone’s throw away from London, it is fast becoming a popular city for business relocation and growth.
And for those who can’t quite face going cold turkey on London’s shopping and dining offerings, the commute to the capital is under an hour, with an average return ticket price of £45.
Social Recruitment Manager at BGL, Katie Smith, spent 8 years in London working at a global advertising agency before deciding to move from the capital to Peterborough.
She said: “Sweaty, cramped, late London transport is a distant memory, replaced with a better work life/balance and country welly boots. Out of the rat race – it’s all about quality of life – mixed in with a London pay packet.”
Expected to be one of England’s fastest growing cities by 2025, Peterborough is one of the UK government’s demonstrator cities for innovation and technology.
Leading economic think tank, Centre for Cities, also placed Peterborough second in a list of job creation cities over the past 100 years.