Peterborough poised to go for growth with Investment Zone bid

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Work is about to start on an ambitious bid to secure Investment Zone status for Peterborough

The move comes after Chancellor Kwasi Kwarteng announced the new growth initiative during his mini-budget announcement last week.

If the city bid is successful, it will pave the way to offer businesses tax cuts and a relaxed planning regime in a bid to drive up growth for Peterborough.

Currently 38 cities have been singled out for Investment Zones status but the Government is keen to hear from other areas interested in the programme.

Peterborough MP Paul Bristow said: “We are looking to put together a bid for Peterborough to be part of the Investment Zone initiative.

He said: “If successful, it will mean favourable tax incentives for companies to relocate to Peterborough. It will complement the goals of Peterborough’s new university along with the new research and development centre and the planned Living Lab.”

Article and photo from Peterborough Today 

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Plunkett UK Grants

Plunkett UK Grants

With funding from the Cambridgeshire and Peterborough Combined Authority, Plunkett is currently able to offer early-stage community businesses free advice and support on how to get their business off the ground, including guidance on community engagement, legal structures, business planning and raising the funds to do it.