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Survey reveals upturn in employment development


A recent survey of office and industrial development in Peterborough has revealed encouraging signs of expansion.

During the year ending 31 December 2000, some 3,400 square metres of office floorspace and 14,800 square metres of industrial floorspace were completed. A further 11,800 square metres of office floorspace and 5,800 square metres of industrial floorspace were under construction. The results for office development are particularly encouraging, since they show a scale of new development in the pipeline that has not been seen for some ten years.

The survey has been carried out by Peterborough City Council’s Planning Services as part of its responsibilities for regular monitoring of development in the city.

One of the areas that is set to witness the greatest change is Hampton, with one major new office building under construction at Cygnet Park, another having recently been granted planning permission and a phased scheme of industrial units also with detailed planning permission about to start.

The upturn in development activity comes at a time when the Council’s Local Plan (First Stage Deposit Version) allocates a wide range of further sites for expansion of employment opportunities in the city.

Councillor Ben Franklin, Chairman of the city council’s Environment Committee, said, “I am pleased to see that our planning and promotional work is now paying dividends, with an upturn in development activity, leading to improved employment opportunities. It is interesting to note that some of these schemes are not pre-let to a specific occupier. This is an indication of developer confidence in the employment development market in Peterborough.”

April 2001

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