Developments In Cambridgeshire

Wisbech in Cambridgeshire

Wisbech is a market town, in the Fenland district in Cambridgeshire, England. In the 2021 census, it had a population of 33,870. The town lies in the far northeast of Cambridgeshire and 22.7 miles from Peterborough. The tidal River Nene runs through the town. 

Local Property Market

Currently, the average price for property in Wisbech is £253,542. Detached homes in Wisbech have increased in value by +40% since 2006. The rental market in the area is prosperous with a current average rent of £1,126pcm. 

Economy 

The economy of Cambridgeshire and Peterborough is thriving, with a contribution of 22bn to the UK's economy. Many ground-breaking IT firms are based in the nearby cities of Peterborough and Cambridge; they are growing quickly and providing a variety of opportunities. For the previous three years, Fenland, a district in Cambridgeshire's economic growth has outpaced that of the rest of the UK, with a GVA of £2.2 billion per year. 

Employment

Cambridgeshire and Peterborough's combined administrations aim to create 90,000 new jobs by 2036. The most recent Government census shows the employment rate in Cambridgeshire & Peterborough increased by 2% to 78%. 

Regeneration

Wisbech is now undergoing regeneration because of housing and economic growth. A new Garden Town is being built, and work has already begun on the first phase, which will include 12,000 houses. Multi-million-pound projects are underway to further improve transport links in the area. The project includes re-opening the main train station and improving the A47, reducing traffic, and making Wisbech easily accessible.