Fri 24 May 2013
Situated on the banks of the River Trent, the A1 and the East Coast Mainline, Newark is a picturesque market town some twenty miles to the North of Nottingham.Being so close, Newark benefits from the services, infrastructure, labour market skills and market for goods which Nottingham generates. However, Newark has its own distinct identity: an attractive and multi-faceted “offer” and an expanding and exciting future, which makes it the perfect venue for business and an ideal work/life balance.
The town’s history, reflected in the ruins of Newark Castle, is a rich one. It played a pivotal role in the English Civil War and dominates the town centre and overlooks the adjacent River Trent. Now firmly in the 21st century, the town now has a population of some 27,000 people and boasts a thriving and varied economy with a variety of significant employers.
In 2006, the town was awarded Growth Point status. This has enabled Newark to benefit from Government funds to help support growth that would not ordinarily be available to it and the new Government has confirmed its commitment to safeguarding this growth funding programme.
The implications for Newark are significant and provide the basis for a number of development and investment opportunities. By 2026, Newark is planned to grow in size by some 40% - from 27,000 people to almost 40,000. This process is already underway, with a planning application for some 3,150 houses and over 38 hectares of B2/B8 employment land approved by Newark and Sherwood District Council in November 2011.
For more information about Newark's business sector:
Newark Business Club
Newark Town Partnership