Investors urged to back city at growth summit
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.