We were awarded £22.9m. We are using it to boost the city with many cultural, health, and tourism improvements. They will make it an even better place to live, work, and visit.

The Towns Fund Board completed business cases for the projects. The government then approved these cases and released funding. Now, the following projects are funded by Towns Fund money. They also receive some match funding from other sources.

Visitor attractions

The Vine (Central Library and Goods Shed) - In 2023, a plan was approved to divide The Vine into two city sites. A refurbished Central Library hub, will also offer spaces for education, community, and business. The Goods Shed (former single storey Victorian railway siding building in Fletton Quays) will be a hall for communal food and drinks.
Activity Centre - Developing a new family fitness and sports facility with a specialist Olympic standard facility including new training/competition areas, family entertainment and an outdoor performance space and room for spectators.

Regeneration and infrastructure

Skills and enterprise

Enterprise hub feasibility study - To deliver a feasibility study for an enterprise incubation and training hub in the city, to help support small digital businesses and grow the city’s digital economy. The report has been completed and a successful bid was made to the Shared Prosperity Fund to support digital businesses, students studying computer science courses and outreach work to encourage people into digital careers. This project has been completed.
Skills in green technology for constructive and automotive industries - Developing new courses for students in green technology motor vehicle/construction industries, with close links to the new University. This will enable more residents to become ‘job ready’ in these upcoming in-demand roles.

For further information, please email townsfund@peterborough.gov.uk.