One of the most exciting developments in Peterborough in recent years took another step forward last week.
Peterborough Investment Partnership is now up and running and ready for business.
This is the joint venture between ourselves and Lucent Group which could bring an estimated £130 million of private money into the city.
The partnership has appointed their new managing partner and launched their new website, inviting investors to come and see what is on offer here.
What is on offer is a vibrant, growing city, full of opportunities, with a council and strategic partner that are committed to regenerating the city and improving the quality of life of our residents.
The sky really is the limit for the partnership, but our immediate focus will be to deliver a prime riverside, 20 acre development site, Fletton Quays, to attract new businesses, retailers and leisure companies into the city.
We will support the partnership by making land available and acting as a link between both private and public sectors.
The Lucent Group has experience of delivering redevelopment and regeneration schemes such as those planned for Peterborough.
Their work with Allderdale Borough Council has led to a recent planning application for up to 290 new family homes in an area that needed new development.
I am sure that the plans they have for Peterborough will be even more impressive.
This is great news and demonstrates the ambition we have for the city. Our plans for Fletton Quays are just one part of a much wider vision we have for the regeneration of Peterborough.
Working with our new energy company partners, continuing to improve our roads and city centre and delivering large-scale regeneration schemes such as this will help Peterborough stand out from the crowds.
Last summer we launched our first ever Civic Awards to recognise residents, groups, organisations and businesses who have made a real difference to their local community.
The idea for the awards came about because we know there are lots of people in our city who really make a difference by just quietly getting on with what needs doing, without much recognition or reward.
We received some really good entries and so our honours panel had a tough job deciding which of the nominations submitted should win an accolade.
At last night’s Full Council meeting we announced the winners of the awards in each of the seven categories.
Each and every winner was thoroughly deserving of their award and I would like to congratulate them.
They will be presented with their awards at a special ceremony at the Town Hall on 25 February.
On Friday we launched the Budget Conversation for our second phase budget proposals.
The proposals amount to £8.2million and are in addition to the £16.6million savings that were agreed by Council in December.
They help deliver a balanced budget for 2015/16, which is a huge achievement when you consider the size of the savings we have needed to achieve.
The proposals include a council tax freeze for 2015/16 and we have also tried to introduce new ways of working to make savings where we can.
We do have very little room for manoeuvre because of the scale of the funding challenge that we face, however it is so important we hear and understand people’s views so that we can try and reflect these in the final budget.
So my plea to you all is have your say.
You can take part in the Budget Conversation by visiting our website at www.peterborough.gov.uk.
Included is a link to the budget proposals document and an online questionnaire.
Hard copies of the document and questionnaire are also available to collect from Town Hall and Bayard Place receptions and each of the city’s libraries.
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