Around £2 million is being made available for capital projects and a
further £200,000 for revenue projects by the East of England
Development Agency (EEDA) and Peterborough City Council is urging
local organisations to put forward projects that need a cash
The initiative will support
Peterborough's development as a bigger and better city in which to
live and work and help drive its regeneration agenda forward.
Neil Darwin, Economic Regeneration
Manager for the city council, said, "We are delighted to be in a
position to take advantage of EEDA funds to enable organisations to
develop and create an environment that promotes continued economic
development in the Greater Peterborough and Fenland areas. We hope
many local organisations will seize this exciting opportunity and find
out more about the initiative."
He added, "Over the last few years
EEDA funds have been used to support various projects aimed at
developing our local economy, such as the Peterborough Enterprise
Centre, set to open early next year in the city centre. The Centre
will act as a central point and will enable organisations such as
Business Link and The Prince's Trust, to provide business support
services from a local base."
Greater Peterborough Economic
Development Partnership (GPEDP) - a private and public sector
partnership for the area - will co-ordinate the initiative and include
successful funding bids as part of its Business Plan from April 2005
to March 2006.
Private and public sector
organisations should submit their project proposals, particularly
those focusing on skills and employment issues, by 4pm on Thursday, 30
For further information or an
Expression of Interest form, contact Peterborough City Council's
Economic Regeneration Team on (01733) 742571 or 742675.
All applicants are requested to
provide an e-mail address when applying for an Expression of Interest