It is floodlit at night and can be seen for miles around the Welland valley.
The A6003 runs through the village; the traffic flow over the bridge on the River Welland is controlled by traffic lights.
It lies on the southern bank of the River Welland; the area is dominated by a railway viaduct, the Welland Viaduct (known locally as "the Harringworth Viaduct") that crosses the Welland and its flood plain immediately to the west of the village.
It is sited on the A6121 in the very north of Stamford, not far from the former Stamford branch of the Great Northern Railway and the River Gwash (a tributary of the River Welland).
The River Welland was in flood at this time which led to a massacre of retreating Royalists who were trapped between the river and the church; this area is known locally as Slaughterford field.
Two reports were produced, one by George Maxwell, and the second by Edward Hare, who had been assisted by William Jessop and John Rennie.
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Richard de Rulos, who was Lord of Deeping Fen during the reign of William the Conqueror erected a strong embankment to prevent flooding of the meadows adjoining the river, which then became fertile fields and a pleasure garden.
The engine was renamed the Welland after the English river, and entered production in 1943 for use on the Gloster Meteor.
Forming part of the district of East Northamptonshire, Wakerley is close to, and south of, the River Welland that forms the boundary with Rutland; its nearest neighbour, Barrowden, is in that county and accessible by a footbridge.
As its name suggests, it is near to the River Welland that, thereabouts, forms the boundary with the county of Leicestershire.
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People of Market Deeping, Deeping Gate and Deeping St James, together with other villages along the River Welland, presented a petition to Elizabeth I, requesting that the fens should be drained, as the banks of the river and of the neighbouring River Glen were in a poor state of repair.
No major rivers flow through the area, although the district is bounded by the River Welland to the west and the River Nene to the east.