Work starts on new distribution centre in Peterborough, expected to create up to 8,000 jobs.
Peterborough: 730 New Companies
730 new companies have been set up in Peterborough since the start of the year, according to new figures.
Statistics from company formation firm deport.co.uk indicate that compares to the first six months of 2011 when 612 new firms were set up in Peterborough.
The figures come after construction work started on a new manufacturing and distribution hub at Great Haddon.
Developers claim the new 'Enterprise Zone' in Peterborough will create up to 8,000 new jobs.
John Bridge, chairman of Cambridgeshire Chambers of Commerce, said: "It is a real boost to the Peterborough economy and a show of great confidence in how businesses see the future of the economy in Peterborough.
We have to say in this current economic climate getting significant investment in this way is really very important in helping drive our own economy but also UK PLC.
The development could create up to 8000 jobs and eventually see 5500 homes built on the site to the south of the city. The project also includes plans for a new shopping area and a school."
Peterborough City Council leader says city will 'keep growing' following census results.
New East Coast Trains Will Operate From 2018
There's been a worrying rise in the number of youngsters hospitalised for self harming in Cambridgeshire.
Closer Working Mooted Between Police and Fire
Temporary Licence Prison Doesn't Reach Stated Destination
Recently Played Tracks
On Radio: Craig Stevens
12pm - 4pm
Text 'MUSIC' to 82122
Deposit £10 to get a £40 Welcome Bonus - That's £50 to play bingo, slots and more!*
Over 50 tracks to make you feel-good. New album out now...
Find your local four day weather report here.
What's happening on the roads where you are?
Make Heart the soundtrack to your day and you could be a winner with great prizes up for grabs throughout the day.
Find out more about some of the companies advertising on Heart.
Get some great ideas on how to advertise your business on radio, online and on mobile.