Ambitious plans to transform the station gateway into Peterborough are on track to secure millions of pounds of Government funding
Members of the Cambridgeshire and Peterborough Combined Authority have unanimously agreed that plans for the transformation of Peterborough’s Station Quarter should be the county’s single transport project to be submitted to the Government under the second round of ‘levelling up’ funding applications.
The total cost of the Station Quarter regeneration project amounts to £70 million with the levelling up fund likely to contribute £48 million with match funding expected from Peterborough City Council, Network Rail, LNER, and commercial and residential development.
Works will now begin by the Combined Authority and Peterborough City Council to draft the application before submitting the bid to the Department for Levelling Up, Housing and Communities by July 6.
