The future of Bretton Water Park looks set to be secured after Peterborough City Council agreed a deal with Vivacity to operate and fund the popular community resource.
Councillors had previously voiced their concern over the proposed closure of the facility, which is open for three months a year during peak summer.
After pledging to find a new provider to take over the running of the site and guarantee its long-term future, the council can now confirm that partner organisation Vivacity have offered to run the facility.
Councillor John Holdich, leader of Peterborough City Council, said: "We have listened to public concern about the proposed closure and actively worked to find a solution. I am delighted with this outcome because Vivacity have an excellent track record of running community facilities and the water park is very popular.
"We have made it clear that in light of substantial funding cuts from central government, we have to consider making tough decisions. However, we will continue to listen to residents about our budget proposals, so please let us know your views as part of the ongoing public consultation."
Alan Sadler, Vivacity Chairman, said: "We are delighted to be able to help secure the future of a much-loved community facility, ensuring that families can continue to enjoy using it for years to come. Vivacity is proud to work with partners such as Peterborough City Council who share a commitment to making Peterborough a better place to live, work, and visit."
A public consultation is currently underway to seek the views of residents on savings identified as part of the council's Phase Two budget proposals.
Read the phase two budget document and complete the online form on the council website.
The consultation will close at 5pm on Monday 5 March 2018. Full council will consider the proposals on Wednesday 7 March 2018.