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Exciting projects will boost communities

15 February 2023

A youth zone and community art project are among some exciting developments earmarked for Peterborough as part of a multi-million scheme to boost communities and drive growth.

Plans for eight projects have been revealed after council cabinet members agreed funding allocations for them this week.

Last year the government announced that the Cambridgeshire & Peterborough Combined Authority area would receive £9,872,624 in funding from The UK Shared Prosperity Fund (UKSPF), of which £2,525,417 was allocated to Peterborough.

Since the announcement, council officers have worked with Combined Authority colleagues to identify suitable projects for funding which can now be progressed - these are:

Youth zone: £1.25m - A state-of-the-art facility for young people that will provide activities run by highly skilled youth workers. The Fund will contribute to a project which will bring in up to £9m capital for a new building and £900k annually for youth services.

Lincoln Road regeneration: £150K - A community art project as part of the bigger Towns Fund project to rejuvenate the public realm in Millfield and create a sense of pride in the community.

Peterborough Digital Incubator: £309K - A virtual programme, delivered online and through the ARU Living Lab and the Allia Future Business Centre, providing much needed support to students, entrepreneurs, and early-stage businesses with digital specialisms.

Community Carbon Literacy: £87K - This project will deliver carbon literacy training to community members ensuring that people are equipped to develop carbon reduction projects, tying in with our work to become a net zero city by 2030.

Flood and climate risks: £100K - Funding an adaptation plan for Peterborough to address the predicted local impacts of climate change, ensuring health, financial stability of residents and businesses, delivery of public services and protection of the local environment.

Culture Alliance: £254K - A new Cultural Strategy for Peterborough, developed with partners, will assist growth plans, encourage investment and promote community and economic development.

Councillor Steve Allen, Deputy Leader of Peterborough City Council and Cabinet Member for Communities, said: “It’s fantastic for Peterborough to be awarded significant funds as part of the UKSPF and we can now look forward to detailed plans for these projects being drawn up.

“We are fully committed to making Peterborough an even better place to live, work and play and these projects will benefit our city in so many ways for years to come, making a positive difference to our economy, the environment and to our communities.”

Louisa Simpson, who leads the Strategic Funds Programme at the Cambridgeshire & Peterborough Combined Authority, said: “It’s great to be able to work with Peterborough City Council supporting the delivery of these eight projects, helping Peterborough’s ambitious plans for growth that is good for the whole community.

“Sharing prosperity is all about spreading benefit - and this money will be a powerful force to regenerate and transform areas of life for young people, the community, culture, and the environment, with additional funding also going into Combined Authority skills programmes to boost opportunity for people of all ages.”

The remaining allocation for Peterborough will be used to support an area wide skills programme across three CPCA skills projects - Holistic Online skills support, Internships across Cambridgeshire & Peterborough and All Age Careers Service across Cambridgeshire & Peterborough. In addition, an area wide fly-tipping project will be supported.

The UKSPF was set up to replace EU funding for regional projects aimed at boosting growth and reducing inequality.

For more information visit here.