The government has announced that £40 million has been pledged to support community regeneration in Peterborough after a campaign by both the city’s MPs.
This landmark funding will help ensure investment in the following two neighbourhoods:
- Paston, Gunthorpe and Welland
- Orton Malborne and Orton Goldhay.
The two projects are worth £20 million each, with MPs helping to set up a local steering group so that residents in the area can help determine how the funding will be spent.
This is what the Leader of the council, Councillor Shabina Qayyum, had to say about this exciting news: "We are thrilled with today's announcement that £40 million is on its way to Peterborough to spend directly on our communities where the need is greatest. This is yet another sign that government is listening to our calls for increased investment in local government after years of underfunding.
"This is possibly the biggest ever investment in our neighbourhoods and will allow us to regenerate the places where people live and spend time.
"In the past decade our neighbourhoods have been stretched, yet despite this our communities continue to work hard to make their neighbourhoods better. By putting power into the hands of our residents, the government is enabling local people to decide how best to restore pride in the area they live - ensuring decisions are made where it matters most.
"We’re excited to keep working closely with the government, local groups, and our residents to help Peterborough grow and improve. Together, we want every community to do well and make sure our city is the best it can be.”