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New employment figures for Hampton add further weight to the view that the city’s fastest-growing community is one of the most sought-after areas in Peterborough to live and work.
More than 5,000 jobs have now been created within the Hampton development area – a major boost to the local economy and a milestone which is all the more impressive in view of the number of completed homes across the community.
The landmark employment figure has been reached with the total number of completed homes across Hampton Hargate and Hampton Vale standing at approximately 4,000 residential properties.
Hampton’s jobs-to-homes ratio is an impressive 1.25, well above the national average of 0.75 of a job per home quoted by the Home Builders Federation (HBF).
“This is a significant milestone for this rapidly-expanding area of the city,” said Roger Tallowin, general manager of O&H Hampton (www.ohhampton.co.uk), the company behind the development of the 2,500 acre brown field site just south of Peterborough.
“The jobs-per-homes ratio is very positive news and is in contrast with the employment position in many other residential and commercial developments of this scale.
“Per household, Hampton is creating more jobs and employment prospects than would normally be expected at this stage of the programme. It has become an increasingly important area for residential development and employment opportunities.”
A wide variety of jobs have been created in offices, warehousing and light industry, shops, schools and various support services.
“The communities of Hampton Hargate and Hampton Vale offer a range of quality homes and residential properties,” said Roger. “The opportunities for work locally are also expanding and it is extremely encouraging that this area is bucking the trend in terms of the number of jobs compared with the amount of residential property that has been completed.
“Hampton is unquestionably one of the most attractive places to live, work and play in the Peterborough area.”
Dobbies Garden Centres is the latest in a lengthening list of major employers to identify Hampton as an ideal location for investment and future development. The company is building a garden centre at the northern gateway to Hampton.
The £8 million centre will open this autumn and provide work for up to 120 people in full and part-time roles.
“This is great news for Hampton and the local economy and is a further indication of major employers’ growing confidence and their enthusiasm to make a significant investment in this vibrant, developing community,” said Roger.
Development of Hampton is due to continue until at least 2017, providing a total of 6,900 homes, state of the art education and community facilities and more than 12,000 jobs in total within retail, commercial and industrial areas.
Under O&H Hampton management, up to 500 new homes are delivered each year with as many as 20 different construction firms providing a variety of design choices for residents.