Why buy in Preston?

A number of future-facing investment schemes have been announced in recent years which are aimed at expanding Preston’s infrastructure and residential offering.

Signed in 2013, the Preston, South Ribble and Lancashire City Deal has been described as “a landmark agreement” by Preston City Council. The Infrastructure Delivery Programme and Investment Fund totals £434m of new investment and aims to stimulate new development opportunities in the city, delivering 17,420 new homes to the residential market, and creating more than 20,000 jobs.

The scheme will also better connect the city through the enhancement of local transport links, with a focus on four road schemes, helping to support future business.

It’s anticipated that the City Deal will grow the local economy by £1bn over the next decade.

Located centrally in the North West, the city has easy access to all the major northern roadways, including the M6, M61, M65 and the M55, opening up travel throughout the UK for residents and those looking to do business.

Preston is also well-served by rail, situated on the West Coast mainline. This puts it within easy reach of the UK’s most well-known cities including Manchester, Liverpool, Glasgow, Edinburgh, Birmingham and London. While the city’s proximity to both Manchester and Liverpool is of particular benefit, as Preston is commutable to either.

Preston has big plans for the future, with a number of schemes in the pipeline that will continue to raise the city’s status as a destination for culture. The Markets Quarter is the focal point of a visionary £50m project build a brand new market hall and restore two Grade 2 Listed Victorian canopies.

One of the largest and hotly-anticipated regeneration schemes in Preston, the Stoneygate Masterplan aims to create a new ‘urban village’ on the eastern fringe of the city centre, transforming several key districts into a trendy destination to live, work and play.