WE’LL NEED £1BIL­LION

Top in­vestors to join city sum­mit on devel­op­ment

The Peterborough Evening Telegraph - - Front Page - By ADAM UREN

TOP in­vestors have signed up to at­tend a ma­jor con­fer­ence de­signed to kick-start a bil­lion-pound in­vest­ment in the city.

Leader of Peter­bor­ough City Coun­cil, Cllr Marco Cer­este, will present mul­ti­mil­lion pound op­por­tu­ni­ties for the devel­op­ment of the city to a packed con­fer­ence on po­ten­tial in­vestors at the Great North­ern Ho­tel on June 17 – in­clud­ing a pitch for thou­sands of govern­ment jobs which are due to be moved out of London in the next few years.

PETER­BOR­OUGH will be de­clared “Open for Busi­ness” to in­vestors at a ma­jor con­fer­ence de­signed to kick-start a bil­lion-pound vi­sion for the city.

Leader of Peter­bor­ough City Coun­cil, Cllr Marco Cer­este, will present mul­ti­mil­lion pound op­por­tu­ni­ties for the devel­op­ment of the city to a packed crowd of po­ten­tial in­vestors at the Great North­ern Ho­tel on June 17.

Key to the coun­cil’s plans are re­gen­er­a­tion schemes for the South Bank, which in­cludes hun­dreds of eco-homes and City West, which en­com­pass the re­tail North West­gate devel­op­ment of the Queens­gate shop­ping cen­tre and the Sta­tion Quar­ter project to re­vamp the area around the rail­way sta­tion, seen as a vi­tal gate­way to the city.

It is es­ti­mated that more than £1bil­lion of pri­vate sec­tor in­vest­ment is needed to get both of these schemes off the ground.

Cllr Cer­este, who has just taken on the cabi­net re­spon­si­bil­ity for the city’s growth, said: “About 3,000 jobs have been cre­ated here so far this year, which is a phe­nom­e­nal achieve­ment, and we want to cap­i­talise on this and get projects like City West and South Bank off the ground.

“We will show in­vestors our vi­sion for the city and how they can be­come a vi­tal part of it.”

Work on the first phase of the South Bank re­gen­er­a­tion will get un­der­way soon, with a plan­ning ap­pli­ca­tion for the 363 eco-home Car­bon Chal­lenge devel­op­ment, a £150 mil­lion project, ex­pected to sub­mit­ted in the com­ing weeks.

But Cllr Cer­este has even big­ger plans for the South Bank, and wants pri­vate in­vest­ment to re­alise his dream of a sports vil­lage and uni­ver­sity on the site, which will in­clude the trans­for­ma­tion of the Posh ground into a com­mu­nity sta­dium with com­mer­cial space.

He said: “I want to work on ideas such as a sports vil­lage that will at­tract in­ter­na­tional qual­ity events to the city.

“A uni­ver­sity mean­while is the sin­gle most im­por­tant thing that has to hap­pen in the city.”

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