Nestled in the north of Northamptonshire, Corby has emerged as a true industrial powerhouse in the United Kingdom. The town has considerably more workers in the manufacturing industry, with a rate of 16%, in comparison with the national average of 6%.
Did you also know that with a population of roughly 60,000 people, Corby has the bragging rights of being known as the fastest growing town in the UK?
Corby’s manufacturing prowess can be traced back to its rich industrial heritage. The town has a long-standing tradition of steelmaking, which dates back to the early 20th Century. The establishment of the Corby Steelworks in 1934 marked a turning point, transforming the town into a major industrial hub. Although the steel industry faced challenges in the latter half of the 20th Century, Corby reinvented itself by diversifying into various manufacturing sectors, ensuring its economic resilience.
Corby’s success in the manufacturing sector is also attributed to its excellent infrastructure. The town is strategically located, with easy access to major transport routes, including rail and road networks. This favourable geographical position facilitates the smooth movement of goods and materials, enabling manufacturers to efficiently distribute their products throughout the UK and beyond. Furthermore, Corby offers modern industrial estates and business parks, providing manufacturers with state-of-the- art facilities and resources to support their operations.
Despite a massive decline nationally across the last 50 years, manufacturing has recently begun a slow rebirth in the UK. This could be due to a number of factors, such as Brexit leading to the reduction in the cost of raw materials from places like Africa and South America. A recent trend in UK firms bringing their manufacturing home has also combated the trend.
Anyone running a business in the manufacturing industry, or within engineering, will no doubt be aware that they’ll need to consider a number of factors when purchasing or renting a commercial property, including:
- Location – relating to transport links;
- Current use of the land or property; and
- Specialist criteria – for example, some businesses will need to store supplies in certain conditions.
An increase in manufacturing across the country will no doubt see an increase in these types of commercial property and with Corby already being well above average in this area, it could end up being the epicentre of a manufacturing boom.
Wilson Browne Solicitors are specialists in this area, whether you need advice when it comes to buying the land for development, acquiring a developed commercial property, or whether you are taking a lease on the warehouse out of which you are proposing to operate. Either way, we are all the help you need!