Latest news with #TheVine
BBC News
09-07-2025
- Business
- BBC News
Peterborough City Council to progress plans for The Vine project
Plans for a £15m city regeneration project to refurbish a library and build a food hall and business incubator have moved a step City Council has been asked to approve the award of construction contracts for a project known as The council originally wanted to use the former TK Maxx building in Bridge Street for the project but decided this was unviable.A report being presented to the council's cabinet on Thursday said the new library would act as a "dynamic hub" and support "economic vibrancy". The Vine is part of the government-funded Towns Deal programme, where money is ring-fenced, but the project has changed significantly since the application was first made in original plan was to house The Vine in a refurbished shop building on Bridge Street that used to be a TK Maxx, which is now being put on the 2023, the council decided it would not be economically viable to do up the building, choosing three different locations for The Vine instead: Central Library on Broadway, The Goods Shed in Fletton Quays and Peterscourt on City a contract is approved, Central Library will get a £6.8m revamp of its ground floor, with a new space for education and "community-based cultural activities".The report said this would give surrounding buildings a "property price premium effect" and lead to a "substantial growth in heritage and social capital" at the library. The Goods Shed in Fletton Quays would turn a disused railway shed into a food and drinks hall, with offices and council has already found a developer to take on the project, which is expected to cost £ £1.2m project for Peterscourt, a business centre, would refurbish the Grade II listed building into a business incubator with spaces for start-ups and early-stage plan is to hold a mini-competition for contractors to bid for the council said the new facility would "foster innovation... and contribute to the economic development of the local community".The authority said it needed to commit spending for the project by 31 March 2026. Follow Peterborough news on BBC Sounds, Facebook, Instagram and X.
BBC News
08-07-2025
- Business
- BBC News
Former TK Maxx building in Peterborough set to go on the market
A building that used to house TK Maxx and New Look and had been earmarked as a community space is set to be City Council's cabinet has been asked to approve plans to put the Bridge Street building on the authority bought it in August 2020 using £4.1m of Towns Fund money, with the aim of using it for a community hub known as The the council then decided it would not be economically viable to house The Vine in the building, which would have included a library, learning and cultural facilities and a commercial space. Instead, the project will be spread across three sites in the city: a library and a learning and cultural space at the Central Library; a food and drinks hall at The Goods Shed in Fletton Quays; and a business start-up incubator at Peterscourt, City Thulbourn, cabinet member for growth and regeneration, said the Bridge Street site was a "significant gateway into our city centre".He said the council would be open to all offers on the building, but he hoped it would end up as a mix of commercial and residential use."It is an important site and one we must get right, to breathe new life into this part of our city centre and enhance the overall experience for people," he cabinet will vote on the plans on 15 July. Follow Peterborough news on BBC Sounds, Facebook, Instagram and X.
