Regeneration plans move forward

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Regeneration plans move forward

Plans for the regeneration of Peterborough city centre are moving a step closer.

The process to transfer two council-owned sites to the Peterborough Investment Partnership (PIP) is expected to be confirmed next week.

The move will see Fletton Quays and Pleasure Fair Meadow car park given over to PIP.

In December 2014, the council set up PIP to take forward a number of sites initially through the planning process then to secure an investor to implement the physical redevelopment.

At that time the council also confirmed they intended to relocate the majority of staff to new office premises on the Fletton Quays site, if the proposal proved to be financially beneficial to the city and the council.

If the relocation goes ahead the council will become an anchor tenant to kick-start development on this key regeneration site, utilising, in part, the listed railway sheds to build state-of-the-art energy efficient offices that allow staff to utilise the most modern working practices. This also demonstrates the council’s long-term commitment to remain in the city centre.

Officers are investigating the viability of the move before putting the decision before councillors in due course.

The council has already reduced the number of offices they use in order to save money and to bring staff together more centrally. For example, officers no longer work in Bridge House, Laxton House, Midgate House, Cavell Court, Stuart House or Northminster House.

Any future relocation plans would not result in the sale of the Town Hall and the civic functions of the building will be retained. Work is also underway to establish whether it is practical to relocate the Customer Service Centre to the Town Hall which would enable Bayard Place to be vacated.

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