Peterborough’s buoyant night time economy forecast to withstand cost of living crisis

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Figures show spending and footfall above pre-lockdown levels

Peterborough’s night time economy is expected to shrug off the impact of Covid-19 and the cost of living crisis, according to new research.
The upbeat assessment for the city’s pubs, restaurants and varied entertainment venues comes after the publication of figures that make bleak reading for the night time economy across the UK.

The statistics from Night Time Industries Association (NTIA) show that one in five nightclubs in Britain has closed over the past three years following the pandemic.

And while Peterborough has seen the closure of two night clubs recently – Liberation, in New Road and Rhythm Road, which had opened in the former Chicago Rock premises in New Road – there are other factors that show the city is enjoying an increase in the number of people attending events, with spending above pre-lockdown levels.

It will be good news for the estimated 600 businesses that make up the city’s night time economy and which support about 11,600 jobs.

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