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Developer interest renews confidence in city


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Confidence in the Peterborough economy has been renewed following an increase in developer interest in the city.

The Greater Peterborough Investment Agency (GPIA) has reported that a number of major property developers, investors and associated professionals have recently visited the city and expressed interest in its development plans.

Bill Agnew deputy chief executive of GPIA


“GPIA has been approaching developers and inviting them to visit the city,” said Bill Agnew, deputy chief executive of GPIA.

“A number of visits have already been completed and we have received a lot of positive feedback, particularly about the plans to redevelop Peterborough city centre outlined in the masterplan.”

A number of contacts were established at MIPIM, the annual international property show held in Cannes, France during March. The event provided GPIA and Peterborough City Council with the opportunity to raise awareness of the development plans and encourage developers to visit the city.

Developer and investor support is essential for ensuring the masterplan is successful and fulfils its objectives. Two thirds of the £750-plus million investment needed for the plan is expected to come from the private sector.

Bill Agnew added: “Interest from developers demonstrates confidence in the Peterborough economy and is an essential first step in turning the masterplan from a proposal into a reality.”

June 2004

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