Levelling Up Fund

Introduction

Peterborough City Council sought bids from organisations wishing to deliver projects as part of the Levelling up Fund, a £4 billion government funded programme announced in the budget to invest in regeneration, culture and transport schemes across local authorities in the UK.

Peterborough has been identified as one of 123 Priority 1 (from 3) areas for investment by government.

The Government was interested in bids that deliver visible impact, and project proposals that align with long-term strategic plans for local growth and regeneration. Bids for Peterborough were located within MP Paul Bristow or MP Shailesh Vara's constituencies.

What the Levelling Up Fund is for

The first round of the Fund will focus on three themes: smaller transport projects that make a genuine difference to local areas; town centre and high street regeneration; and support for maintaining and expanding the UK’s world-leading portfolio of cultural and heritage assets, in particular:

  1. Transport investments including (but not limited to) public transport, active travel, bridge repairs, bus priority lanes, local road improvements and major structural maintenance, and accessibility improvements. We are requesting proposals for high-impact small, medium and by exception larger local transport schemes to reduce carbon emissions, improve air quality, cut congestion, support economic growth and improve the experience of transport users.
  2. Regeneration and town centre investment, building on the Towns Fund framework to upgrade eyesore buildings and dated infrastructure, acquire and regenerate brownfield sites, invest in secure community infrastructure and crime reduction, and bring public services and safe community spaces into town and city centres.
  3. Cultural investment maintaining, regenerating, or creatively repurposing museums, galleries, visitor attractions (and associated green spaces) and heritage assets as well as creating new community-owned spaces to support the arts and serve as cultural spaces

ARU Peterborough Living Lab and Cultural Quarter Hub project

Following some excellent submissions in response to our call for projects, a panel of civic, business and community leaders evaluated those projects and ultimately chose the £28 million ARU Peterborough Living Lab and Cultural Quarter Hub project to go forward for submission on Friday 18 June 2021. This was based on how well it responded to government’s Levelling Up agenda and its ability to deliver swiftly and maximise investment into our city. £20 million of this cost has been requested from the Levelling Up Fund.

We would like to thank all applicants for the time and energy spent on putting bids forward to this fund. And now we wait with interest the outcome from government.

Peterborough City Council - LUF Living Lab Application2.34MBpdf
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