Peterborough has a strong and varied economy, with Gross Value Added (GVA) of £5,382 million and GVA per head of £47,356. The city is home to both large multinational firms and SMEs and startups, across a diverse set of industries. The city is particularly renowned for the following sectors; food and drink, advanced manufacturing and engineering, financial services, energy and environment and digital and creative.
New businesses are being established every day in Peterborough; 2014 reached a record of 1,918, an increase of almost 500 from the previous year. The city has continued to see great growth in new enterprises, and in 2015 the rate was 50% higher than the national average. What's more, a poll by Liberis revealed that 69% of SMEs are confident about the business outlook in the city.
To learn more about the Peterborough economy, take a look at the list of top performers below. We've ordered the market leaders across all industries based on their revenues - see the results below.
MoreAs the results above demonstrate, Peterborough has a varied range of prosperous industries. These companies are aided by a large workforce of around 124,000, with 63% of residents being of working age. The city also offers access to a retail catchment of more than 960,000 people, as well as affordable commercial property rents.
Peterborough is set for impressive growth; it's already one of the fastest growing cities in the UK, and is home to 31 of the leading 100 companies in the Cambridgeshire region.The city has regeneration plans worth a total of £1 billion, and the technology sector in particular currently offers great growth potential.
