A breeding ground for billion-pound companies
Cambridge is a popular and thriving area, with a wealth of history. Located in the south of the county of Cambridgeshire, It has excellent road and rail connectivity throughout the region, with journey times to London taking around two hours by road and around fifty minutes by train.
The population of Cambridge is in the region of 122,700, which is a rise of just over 14% in the last ten years. The number of residents in Cambridge has grown recently, possibly due to the increase in employment opportunities in the city and surrounding region. Recent research confirms that Cambridge is greatly contributing to the national economic growth.
The employment situation in Cambridge is very encouraging, with an unemployment rate of around half the national average. The wider Cambridgeshire region follows the same trend. This is a combination of excellent connectivity and companies locating to the area to get the pick of the student graduates.
The rental market is also booming in Cambridge, mainly due to the large student population, there is never a shortage of tenants and the cost of renting a one bedroomed flat has increased by as much as 50% over the last few years.
This prosperous and developing region is constantly growing and house prices in the city are no different, being above the national average. The cost of residential property in Cambridge has risen by some 7.2% in the last 12 months and by a little over 34% in the last five years according to Zoopla. That means Cambridge property investment is ideal for you if you're looking for a popular and thriving area.
Economy & Employment
The capital of Silicon Fen and a hub for high-quality scientific research and business innovation.
Cambridge Consultants have secured a £6.2 million deal to enable their appointment of an additional 100 staff at their Science Park headquarters, in order to meet demand for their services and their continued expansion. This world-class innovative product development and technology consultancy company, founded 50 years ago the company has achieved 38th on The Sunday Times Best 100 Companies to Work For.
Scientific Digital Imaging has raised £500,000 by restructuring its Synoptics business in order to concentrate on the increasing demand from the American market for its microbiology and DNA imaging market. This has ensured a very positive outlook for the future of this local business.
Cambridge had the second highest employment rate in the UK in 2014. It has seen a 12,400 increase in the number of jobs between 2004-13, just above the national average. Nearly half of them were created in the private sector and around a third of positions were knowledge-intensive.
Cambridge has plenty of innovative projects underway for improvements to the area.
Plans have been approved for the £600,000 renovation of the Cambridge Central Library, to include an enterprise centre designed to help both job-seekers & businesses.
The new development at Clay Farm in nearby Trumpington includes two new primary and a new secondary school. Also planned are a medical centre and library, as well discussions are underway for the development of a site on Cromwell Road. Hoping for approval for 250 homes to be built at the location, the consultations are now in the final stages awaiting final approval.
A major Wi-Fi network has recently been launched in Cambridge city centre, with over one hundred local open spaces and public buildings being transformed into free Wi-Fi hotspots.
Improvements to the Macmillan Woodlands Centre at Hinchingbrooke Hospital have begun. The number of patients is set to double by next year. The £2.4 million new units will revolutionise cancer treatment for patients in the Cambridge region.
Air: Cambridge is situated 32 miles from London Stansted Airport, with journey times of just over half an hour. Luton Airport is 43 miles by road, and Heathrow is 72.
Rail: With a direct rail link to London King’s Cross on the Cambridge Line and the East Coast Main Line to London Liverpool Street via the West Anglia Main Line, rail connections are good. Journey times to London are less than an hour. Various services also run to Norfolk, Leicestershire, Birmingham, Hertfordshire, Essex and Suffolk.
Bus: Located just adjacent to the M11 Motorway to London and the A14 which is a major trunk route between the Midlands and the port of Felixstowe on the east coast. The A428 connects Cambridge with Bedford and St. Neots. The A1303 links the City with Newmarket and Colchester.
Road: There is a very good bus network within the region and the city has five park-and-ride sites that all operate seven days a week. In addition, there is a new ‘guided bus’ service operating from the city to several outlying towns and villages.
Cambridge is one of the largest educational centres in the UK, with over 30,000 students attending its two universities.
Notable institutions include: The Stephen Perse Foundation, which was originally founded in 1881 as The Perse School for Girls. This well-regarded school is rated at 51 in the Top 100 schools in the UK, and is now co-educational for many age groups, due to the inclusion of new schools into the foundation.
Higher Education: The University of Cambridge, founded in 1209, is said to be the second oldest university in the English-speaking world. The university is currently top in the UK and fourth in the world. Notable alumni include Sir Isaac Newton, Charles Darwin, and Professor Stephen Hawking, among a very long list.
The Anglia Ruskin University, which has its origins in the Cambridge School of Art, was founded in 1858, and also has campuses in Chelmsford and Peterborough.
Shops & Leisure
Shopping: Cambridge’s seven days a week market is a big attraction with the produce of every kind on offer in the market square. Or you can wander along the narrow streets and find all the hidden treasures of independent shops and cafés. There are centres such as the Grand Arcade and the Grafton Centre to cater for more of your shopping needs.
Dining: There’s an exceptionally diverse range of restaurants, cafes and eateries. Try the city’s bohemian streets around Mill Road, off Parker’s Piece and explore.
Sport & Culture: There is something for people of all interests, with fairs and festivals, there is always something to do. For the energetic, there is swimming, cycling, boating, football, rugby, tennis and much more. For those looking for culture, there are theatres and museums, galleries and libraries galore. Being a major tourist centre, there are guided historical walks or you can just wander around the architecture.
Green Spaces: From the picturesque Magog Downs to the peace and quiet of punting along the River Cam on a summer’s day Cambridge is full of heavenly pursuits. Alternatively, a mere stone’s throw away is the delightful Jesus Green, the perfect place for a picnic, a stroll or even a dip if the weather is warm.