Northampton is one of the largest urban centres in the United Kingdom without city status and is the most populous non-metropolitan district of England. Northampton’s main private-sector employers are now in distribution and finance rather than manufacturing, and include Avon Products, Barclaycard, Nationwide Building Society, Panasonic, Travis Perkins, Coca Cola/Schweppes, National Grid and Texas Instruments.
Nationwide, one of the town’s largest employers currently have 2,100 staff in their Moulton Park site. The national bank is set to engage in an extensive refurbishment programme estimated at more than £20 million over the next five years. Nationwide has c.15,000 employees nationally and is a top-three provider of household savings and mortgages in the UK.
The town benefits from excellent road communications, being adjacent to the M1 motorway which serves Northampton from Junctions 15, 15A and 16. The town boasts an impressive mainline railway network, with a regular service running to London Euston and Birmingham New Street, both with journey times of approximately 1 hour. Sol Northampton is situated 300m east of the Northampton rail station, and 200m east of the high street, accessed via Mare Fair which runs adjacent to the property.
The Grosvenor Shopping Centre is less than 500m from the property, with retailers including Topshop, Bhs, Boots, Burtons, New Look, Superdry and Miss Selfridge. St Peters Way Retail Park is situated directly across Horsemarket from Sol Northampton, with occupiers including Argos, Home Bargains, Iceland and Pure Gym.
Sol Northampton’s 20 minute catchment population is set to grow by 12% between
2013 – 2023. Over 24% of this population are considered to be Affluent Achievers (CACI), which is 8% higher than the national average. The largest proportion of the catchment are categorised as ‘Comfortable Communities’, which at 33.3% is 24% higher than the national average. 35% of the population, above the national average, comprises 20-44 year olds, which is a crucial demographic for leisure.
The total population within the Northampton primary retail catchment area is 467,000, ranking the town 45 out of the PROMIS Centres. Northampton is projected to see above average growth in population over the period 2012-17. Northampton attracts expenditure from smaller centres just outside the primary catchment area, such as Rugby, Kettering and Bedford.