In­vestors urged to back city at growth sum­mit

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

PETER­BOR­OUGH was to­day be­ing “sold” as a city of op­por­tu­nity to scores of in­vestors who have the fi­nan­cial mus­cle to cre­ate wealth and jobs.

A to­tal of 80 del­e­gates, in­clud­ing in­vestors and com­pany di­rec­tors, were ex­pected to at­tend a con­fer­ence aimed at gen­er­at­ing eco­nomic growth and kick­start­ing key devel­op­ment schemes.

The event is de­signed to set the ball rolling on Peter­bor­ough City Coun­cil’s £1 bil­lion plan to re­vi­talise the city cen­tre and the area around the River Nene.

And fit­tingly the coun­cil-hosted event will be at the Great North­ern Ho­tel, sit­u­ated in the heart of the Sta­tion Quar­ter – a key area for re- gen­er­a­tion.

Coun­cil chief ex­ec­u­tive Gillian Beasley and David Tay­lor, founder of re­gen­er­a­tion or­gan­i­sa­tion English Part­ner­ships, will be among key­note speak­ers who will sell Peter­bor­ough as a ‘city of op­por­tu­nity’.

Mrs Beasley said: “In this dif­fi­cult eco­nomic cli­mate many cities have put their growth plans on hold.

“We want to show that Peter­bor­ough is ahead of the game and is al­ready work­ing hard to en­sure we can con­tinue to at­tract in­vest­ment.

“We want to en­sure that our city will be a place of choice for peo­ple to live, work and visit with a vi­brant city cen­tre, uni­ver­sity cour­ses train- ing our work­force of the fu­ture and with leisure and cul­tural fa­cil­i­ties for us all to en­joy.”

She added: “Peter­bor­ough is a city that is rich in her­itage with a his­tory of suc­cess­ful growth.

“This con­fer­ence is about show­cas­ing our plans and how we in­tend to de­liver them and invit­ing for­ward-think­ing in­vestors to play a ma­jor part in mak­ing our strong vi­sion a re­al­ity.”

Del­e­gates will be asked to con­sider in­vest­ing in sev­eral projects, in­clud­ing the re­tail and res­i­den­tial devel­op­ment at North West­gate and the re­vamp of the rail­way sta­tion, as part of the Sta­tion Quar­ter scheme.

But other ar­eas are also iden­ti­fied as be­ing ripe for rede­vel­op­ment, among those the North­min­ster area and City South, which cov­ers Bridge Street and River­gate.

Ac­cord­ing to a brochure that will be given to guests, North­min­ster presents op­por­tu­ni­ties for “sec­ond tier” re­tail de­vel­op­ments to sup­port Queens­gate and West­gate, as well as be­ing a po­ten­tial spot for a city uni­ver­sity build­ing.

City South mean­while is re­garded as a place for “niche” re­tail­ers as well as a place for po­ten­tial res­i­den­tial and pri­mary school de­vel­op­ments.

The South Bank and Em­bank­ment area is not for­got­ten ei­ther, with the coun­cil’s in­ten­tion to re­de­velop London Road Sta­dium, one stand at a time, in­cluded in the in­vest­ment brief.

Sim­i­larly, the coun­cil wants to bring fa­cil­i­ties to at­tract more peo­ple to the Em­bank­ment.

GROWTH: A map show­ing key river­side devel­op­ment ar­eas for Peter­bor­ough, which will be in­cluded in a brochure to be given to in­vestors at to­day’s con­fer­ence about the city’s fu­ture at the Great North­ern Ho­tel.

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