Equity Release Preston (Oct 2021)

Preston is a county town of Lancashire, England,  built on the River Ribble and the pre-eminent commercial centre of Lancashire. It forms part of the council area for Preston City Council and that region’s metropolitan county. The city of Preston was founded in 1226 when a settlement called “Preston” emerged around the traditional market place. The area now known as Preston was once part of Ribbleton, an estate owned by King Edward I, but it became a parish in its own right during medieval times; this new town centre grew rapidly towards what is now Church A street over the next two centuries before being granted municipal borough status on 17 September 1838 under Queen Victoria’s reign. In 1996, devolution led to the creation of the North West England Regional Assembly with responsibility for public services such as transport, economic development, police and fire brigade budgets.

It was one of the most important cities in England for much of the Industrial Revolution and today, it is still an important industrial centre with major manufacturers. It has been traditionally associated with its textile industry, but now it also hosts a variety of different industries, such as pharmaceuticals and computer manufacturing.

Locals refer to Preston as “Proud Preston” or just “The City.” It also had many other names over time, including “Preston-under-Lizard” and “New Preston”. The city has an area of about 57 km2 and has a population of roughly 135,000 people today.