HERE WE GROW
REGENERATION of Peterborough city centre could create 5,000 jobs, see Posh’s London Road ground become a “community stadium” and the Nene riverside undergo a dramatic revamp.
That was the vision outlined to delegates at a major conference in Peterborough yesterday to kickstart the economic growth of the city – which was described as “punching below its weight” – as it emerges from the recession.
BUSINESS leaders were impressed by the ambitions of the key players in Peterborough and intrigued by the opportunities revealed at the conference.
Eighty private sector executives were present at the event to listen to the numerous investment opportunities happening in Peterborough in the coming years.
One of those Kent-based investment company WTG Associates, said it was particularly interested in the city’s status as an Environment Capital, and was pleased to hear the city was looking to develop this side.
Director Jenny Wood said: “We have people very interested in investing in the education and environment side of things, so we thought it was fantastic to hear about the city’s commitment to being an Environment Capital.
“That said, there was a lot of talk about long-term investments in the city, but we’re more interested in the shortterm and getting involved.”
Bob de Barr, consultant for commerial property developers Land Securities, was interested in plans for the retail and commercial sector, but said it needs to be backed up with sound marketing.
He said: “The city will need very good marketing to make sure the right people are aware of all these fine physical developments, which will enable Peterborough to punch above its weight nationally.”
Also present was Hammerson, wouldbe developers of the £450million North Westgate scheme, and they re-affirmed their commitment to the project.
Development manager Richard Brown said: “It is an important strategic site that we have invested in and although we have not been able to pursue its development there will come a time where we can move forward.”