Projects to get slice of cash

The Peterborough Evening Telegraph - - Uk&world Update - By ADAM UREN adam.uren@pe­ter­bor­oughto­day.co.uk @ETADAMU

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Two in­fra­struc­ture schemes in the city are among the 11 projects short­listed for a slice of £16.1 mil­lion of gov­ern­ment loan cash from the Grow­ing Places Fund, hav­ing been se­lected by the Greater Cam­bridge Greater Peter­bor­ough Lo­cal En­ter­prise Part­ner­ship (LEP).

The move will see cash pro­vided to boost a £12 mil­lion scheme to widen the Flet­ton Park­way be­tween the A1(M) and junc­tion 2 with Gold­hay Way, next to the planned Great Had­don ur­ban ex­ten­sion; as well as kick­start­ing the cre­ation of the “Sus­tain­able Skills Cen­tre” in the Moy’s End stand at Peter­bor­ough United’s ground.

The LEP has not an­nounced how much of the £16.1 mil­lion Peter­bor­ough City Coun­cil will re­ceive for those two projects as that is still sub­ject to ne­go­ti­a­tions, but has said the 11 short­listed projects are ex­pected to lever a fur­ther £26 mil­lion of public and pri­vate fund­ing and cre­ate 12,500 jobs in the area.

Coun­cil leader Coun­cil­lor Marco Cer­este said: “It’s ab­so­lutely fan­tas­tic news for the city and it opens up the re­gen­er­a­tion of Great Had­don at one end that will see thou­sands of jobs and houses cre­ated, and also fund­ing for the South Bank re­de­vel­op­ment which will see money go into the Moy’s End.”

Con­cern­ing the skills cen­tre lo­cated in the soon-to-be re­vamped Moy’s End, the coun­cil’s head of strate­gic projects Richard Hodg­son said that this money will en­able the coun­cil to spend more on the fa­cil­i­ties and ser­vices in­side the cen­tre.

And while the Flet­ton Park­way scheme was go­ing to go ahead any­way as Great Had­don is de­vel­oped, the cash will en­able work to get un­der­way sooner, po­ten­tially within the next 18 to 24 months.

Steve Bowyer, head of eco­nomic de­vel­op­ment at Op­por­tu­nity Peter­bor­ough, said: “The Grow­ing Places Fund is in place to de­liver in­fra­struc­ture projects which un­der nor­mal cir­cum­stances would be dif­fi­cult to de­liver.

“This is very good news as these two schemes will make a big dif­fer­ence to the city.”

Other short­listed projects in­clude the Hunt­ing­don Link Road and the Fen­land Hor­ti­cul­ture and Land-based Skills Cen­tre.

The cash given to lo­cal au­thor­i­ties is in the form of a loan, which when paid back is put into an­other fund­ing pot to be used to kick­start other projects

Alex Plant, strat­egy di­rec­tor for the LEP, said: “We look for­ward to mak­ing more de­tailed an­nounce­ments about each of these schemes soon and get­ting these projects mov­ing to un­lock a sig­nif­i­cant num­ber of new jobs and eco­nomic growth.”

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DIF­FER­ENCE: lp­por­tu­nity sk­tkr­corouth’s Stkvk Oowykr.

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