Traditionally the city of Peterborough, in Cambridgeshire, suffered low levels of employment, however the area is now bucking the trend of the rest of the UK with a boost in its economy, thanks to its recent regeneration plan. This, along with a rising population, is making for a vibrant and developing city.
With employment flourishing in a growing number of industries, it is also home to the country's biggest collection of environmental firms. Focusing on schemes involved with promoting health and sustainable living, Peterborough is committed to being an environmental powerhouse in the UK.
Employment stands at 75.9% in the city, just slightly under the UK's national average, and there is a large number of professionals and senior members of staff 11,700 and 7,000 respectively. Indeed, 21% of the population is educated to the top level of NVQ4 and above, yet overall people are less qualified than the national average. Recruitment agencies feature jobs which have overall average wages of £444.60 per week.
Peterborough and Stamford Hospitals NHS Foundation Trust and Peterborough City Council are among the city's largest employers. Other major businesses at home in the city include Churchill Insurance, Norwich and Peterborough Building Society, Budget Insurance and Anglian Water. The £1 billion injection into the city centre means its retail sector is also thriving.