Newmarket is a town situated 105 kilometres away from the centre of London with an estimated population of over 20,000 residents according to the 2011 census. Newmarket is famous for its horse racing industry, which can be traced back to at least 1174, and, according to a research report comissioned by the district council, contributes no less than £208 million pounds to the local economy. The mean value of a home in Newmarket is approximately £245,205 pounds, similar to nearby locations such as Exning and Red Lodge.
Newmarket Job Opportunities
One of the most affluent regions in Suffolk, the Newmarket & District Chamber of Commerce estimates that there are well over 100 local businesses, from retail to commercial, located in Newmarket. The town has a fairly large business sector thanks to the racing industry, so management accountant jobs are in high demand. Still, while Newmarket is known for its emphasis on horse racing, ancillary industries have also made their mark here. Many of these are involved in the service sector, for example financial assistance or project management jobs are frequently on offer.
Newmarket Employment Trends
While many jobs in Newmarket are connected to the horse racing industry, the customer service sector is likewise quite robust, thanks to the pronounced presence of racing throughout the region. According to the official governmental website of West Suffolk, no less than 3,000 race horses are being raised in Newmarket. This attracts visitors from throughout the United Kingdom and from around the world, meaning catering and hospitality jobs in Newmarket are expected to remain robust in the coming years. Moderately priced properties also help to draw in an increased number of residents, further spurring economic growth. Overall, there is a wide spectrum of jobs in Newmarket for those looking for both part- or full-time employment.