Latest news with #TownsFundProgramme
Yahoo
21-03-2025
- Business
- Yahoo
Work to upgrade city centre road due to start
"Long overdue" regeneration works for a busy city centre road will start from 21 April, Peterborough City Council has said. The £3.4m project to upgrade Lincoln Road will include construction of new raised pedestrian crossing points, new cycle stands, seating and electric vehicle charging infrastructure. The funding includes £2.4m allocated from the government's Towns Fund. The scheme is part of its £22.9m Towns Fund Programme that the city successfully bid for, which aims to encourage more people to shop, walk and cycle in the area. Lincoln Road is a busy road running north from the Queensgate shopping centre, with a multi-cultural mix of food outlets and retail shops. Angus Ellis, council cabinet member for environment and transport, said: "This is great news for Peterborough residents. Lincoln Road is long overdue some investment and the Towns Fund grant has allowed us to finally get spades in the ground and start delivering. "It is wonderful that we have been able to secure external funding to deliver the works and demonstrates our ongoing determination to continue to boost economic growth and sustainability. "The improvements included in the scheme will be a significant upgrade for residents, business owners and customers and we would like to thank everyone for their patience whilst the scheme is delivered." The works will be delivered by Milestone Infrastructure Limited and is expected to finish by spring 2026. Follow Peterborough news on BBC Sounds, Facebook, Instagram and X. Council urged to start £3.5m city centre project Peterborough City Council
BBC News
21-03-2025
- Business
- BBC News
Works to upgrade Peterborough's Lincoln Road to start next month
"Long overdue" regeneration works for a busy city centre road will start from 21 April, Peterborough City Council has £3.4m project to upgrade Lincoln Road will include construction of new raised pedestrian crossing points, new cycle stands, seating and electric vehicle charging funding includes £2.4m allocated from the government's Towns Fund. The scheme is part of its £22.9m Towns Fund Programme that the city successfully bid for, which aims to encourage more people to shop, walk and cycle in the area. Lincoln Road is a busy road running north from the Queensgate shopping centre, with a multi-cultural mix of food outlets and retail Ellis, council cabinet member for environment and transport, said: "This is great news for Peterborough residents. Lincoln Road is long overdue some investment and the Towns Fund grant has allowed us to finally get spades in the ground and start delivering."It is wonderful that we have been able to secure external funding to deliver the works and demonstrates our ongoing determination to continue to boost economic growth and sustainability. "The improvements included in the scheme will be a significant upgrade for residents, business owners and customers and we would like to thank everyone for their patience whilst the scheme is delivered."The works will be delivered by Milestone Infrastructure Limited and is expected to finish by spring 2026. Follow Peterborough news on BBC Sounds, Facebook, Instagram and X.
BBC News
05-02-2025
- Business
- BBC News
Peterborough Council urged to start £3.5m Lincoln Road works
A £3.5m works contract needs to be signed so a regeneration scheme for a busy city centre road can begin, it has emerged. The scheme for Lincoln Road, Peterborough, external, includes widened pavements, a new pedestrian crossing and electric vehicle charging points. Officials have told Peterborough City Council's cabinet "construction needs to begin as soon as possible" as the project was given the go-ahead in scheme is part of its £22.9m Towns Fund Programme, which aims to encourage more people to shop, walk and cycle in the area. '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 construction costs were expected to be between £3.3m to £3.5m, as reported by the Local Democracy Reporting 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 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. Follow Peterborough news on BBC Sounds, Facebook, external, Instagram, external and X, external.
