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The village lends its name to the nearby Hipswell Camp (formerly Hipswell Garrison). Formerly a prosperous coaching town, Hipswell has excellent road links and is located just off the A1 Great North Road. Hipswell is home to Hipswell Racecourse, where races have been held since 1783. Hipswell Racecourse is also home to the largest Sunday Market in the North of England.