Barker Storey Matthews - We Are Your Premier Commercial Property Search Portal
Register NOW to receive property alerts

Commercial Property Search

The Death of Nightclubs; Peterborough is no exception

Aug 10, 2015

According to the Association of Lcensed Multiple Retailers (ALMR), as reported by BBC Newsbeat this morning, the number of clubs operating within the UK has nearly halved within the last 10 years. Peterborough unsuprisingly has been no exception to these closures and has seen its number of nightlife venues decrease significantly with four closing in January 2015 alone. 

The Death of Nightclubs; Peterborough is no exception

Peterborough, unlike other similar sized cities, has only recently launched its own university and as such, has a small student population relative to its size. This student demographic contributes significantly to the clubbing and nightlife economy of other cities and could be a contributing factor in the areas declining nightlife. Increasing levels of abstinence could also be a variable, however these are arguably offset by the rapidly expanding population of Peterborough city. 

From a location perspective, some of Peterborough's main nightlife areas and clubs are relatively disjointed from the major footfall areas of the city centre. Liquid and New York New York who closed earlier this year were located in areas that receive very little traffic asides from people familiar with the city. Broadway, the main 'strip' of Peterborough's late night entertainment, formerly attracted a large level of night time revellers, however, there has been a lacking level of investment within the area in recent years, which it can be argued may have contributed to the decrease in visitors. Investment instead has been focused in Cathedral Square, supported by shoppers as well as night-time trade but hopefully attention will now be concentrated on Broadway before the new North Westgate shopping centre gets under way and distracts from the area further. 

The North Westgate redevelopment promises to significantly contribute towards Peterborough's leisure and entertainment industry leading to a potential increase in the number of evening visitors. However, with planning application only just submitted, Peterborough is unlikely to benefit from these evening visitors for at least a couple of years.


Like this article?

Quick Search News

What We Do..


Testimonials

Barker Storey Matthews has acted successfully for a number of major corporate clients, private property companies, Local Authorities, individuals, financial institutions and pension funds on a whole variety of property matters.

Click to read more