Peterborough Council urged to start £3.5m Lincoln Road works
'As soon as possible'
It will be largely funded by £2.5m awarded from the government's Towns Fund, with additional financing from the council's budget and other sources.Full construction costs were expected to be between £3.3m to £3.5m, as reported by the Local Democracy Reporting Service.Officials highlighted a budget shortfall for the scheme, with the total overspend estimated at £440,000 to £642,000. Measures to address the shortfall were being "actively pursued", including considering further grant funding from the Towns Fund.In a report to be considered by the council cabinet on 11 February, external, they said: "Licenses to carry out works on private property have been granted but will expire in December 2025. "Therefore, construction needs to begin as soon as possible in order to prioritise these activities."The cabinet will also discuss the council's 2025/26 budget and its medium term financial strategy.
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