Funding in place for street work
FUNDING has been secured for refurbishment work on Bridge Street in Peterborough city centre.
Council leader Marco Cereste revealed that work to revamp the retail street could be completed by the end of the year after £400,000 of funding was secured from a private property development firm.
Although draft images of proposed work on the street have previously been published by the council, more comprehensive plans are currently being drawn up.
The work is likely to see some of the trees removed, the introduction of new benches and lighting fixtures and potentially the relocation of the Open Air Burger Van near the Cathedral.
Cllr Cereste said: “We are hoping to have some plans available very shortly for the public to have a look at and comment on.
“We will then look at scheduling in dates for the work, as we don’t want building work to be going on in the run-up to Christmas.
“If we can get it done in time for Christmas then we’ll do that, then if not we will leave it as it is over the festive period, and start immediately in the New Year.”
One project which is likely to change from its original plans is the £450million proposals for North Westgate.
Originally the scheme was for 60 retail units, along with a mixture of residential and commercial properties. However, the financial crisis means that there are likely to be fewer shop units than first hoped.
Nonetheless, Cllr Cereste hopes that work can begin on both the City West and the second phase of the South Bank projects in two years time.
Among the investors at the conference will be agents representing the Government, which plans to move 5,000 civil service jobs out of London but has still to decide where to relocate them.
City MP Stewart Jackson said: “It’s a good way of trying to bring in money from the private sector to move forward on regeneration projects like South Bank and the Station Quarter.
“I also think the city needs to take the chance to bring Government jobs from London, as it is cheaper and has good transport links.”
John Bridge, chief executive of Peterborough Chamber of Commerce, said the conference is vital if the city is to grow in the face of public funding cuts.
“It is important we look for innovative ways to fund regeneration projects.”