The site is situated on Oundle Road near the city centre, and was previously home to a pub and offers excellent roadside frontage and easy access to local amenities. The renowned Peterborough Cathedral and River Nene Embankment Park are both within a mile, along with several of the city’s green spaces close by.
Peterborough is a dynamic city with a current population of 216,349, projected to grow to 240,000 by 2041. Located along the River Nene, the city is 76 miles north of London, benefiting from excellent transport links that facilitate easy access throughout the UK.
Peterborough’s transportation network is exceptional, with high-speed rail services along the East Coast Main Line, making it accessible to London, Edinburgh, and other major cities in under an hour. Additionally, the city is well-connected by the A1/M primary route, extensive local bus services, and a parkway system that supports efficient travel.
This new care home is set to contribute to the local economy, creating approximately 186 new jobs in various roles, from care and nursing staff to administrative and support positions. The project will offer substantial employment opportunities both during construction and in ongoing operations, ensuring 24/7 quality care for residents.
Assessing Demand for Quality Care in Peterborough: A Market Analysis
We are committed to providing high-quality, sustainable care home developments that meet the needs of growing communities. To ensure our new Peterborough care home is positioned to serve the local demand effectively, we conducted an in-depth market analysis using a 3-mile catchment area around our development site.
The 3-mile catchment area includes a significant portion of Peterborough, providing insights into the wider city and surrounding areas. Our findings reveal that by 2028, the local elderly population is expected to reach around 25,900 individuals, highlighting the substantial number of residents who may soon seek specialised care options. Looking further ahead, this figure is projected to increase by 12% over the next five years, reaching approximately 28,900 elderly residents by 2033.
Data sourced from: Knight Frank, Laingbuission, CACI
With a rapidly aging population, ensuring enough care facilities and support services to meet future needs is essential. Based on our analysis, we estimate that by 2028, the demand for care home beds in this area will be circa. 773. This figure underscores the importance of developing well-equipped, compassionate care homes designed to accommodate this increasing demand.
By understanding the evolving dynamics of supply and demand, we are well-positioned to design a care home that not only meets immediate needs but also anticipates future requirements. Our new development aims to support the Peterborough community by providing high-quality care and a welcoming environment for residents as the city’s population grows.
As we move forward with this project, we look forward to creating a space that combines excellent care with a sense of community, ensuring residents and their families feel supported now and in the years to come.
For more information on the site, view the development website here.
