Peterborough’s £47.8m Station Quarter regeneration to get moving after Government backing

Peterborough’s £47.8m Station Quarter regeneration to get moving after Government backing

Above, CGI of the ‘City Link’ part of the development. Picture: LDA Designs

The regeneration of Peterborough railway station and surrounding land – known as Station Quarter – has taken a major step forward following Government approval of the Full Business Case.

The approval means that, pending the Government’s forthcoming Comprehensive Spending Review, £47.8 million in funding will be unlocked to begin construction on the first phase of works, ‘City Link’, in late autumn this year.

Backed by the Combined Authority, Peterborough City Council, London North Eastern Railway (LNER), and Network Rail, the Station Quarter project is a cornerstone of plans to improve the city’s transport, drive economic growth and make public spaces more attractive in the city. The Full Business Case for the proposals was submitted in March this year.

The first phase of works, known as the ‘City Link’, will deliver a clearer, safer and more welcoming pedestrian and cyclist route between the station and the city centre, replacing the current underpass at Cowgate with a direct link.

The wider Peterborough Station Quarter project includes a new western entrance to the station, a multi-storey car park on station’s west side, and refurbished station buildings on the eastern side.

There will be new public spaces to meet and spend time, improved street design and planting, and measures to reduce flood risks.

Future phases are planned to unlock land for new homes, jobs, and commercial development, replacing some existing surface-level car parking with high-quality, mixed-use regeneration.

Paul Bristow, Mayor of Cambridgeshire and Peterborough, said: “We’ve got the green light and we now want to get building. Government approval of the business case is fantastic news for Peterborough, offering a generational opportunity to revitalise a part of the city which has so much potential. For me this is personal. I played a big part in securing this funding when I was the local MP.  A key reason I stood to be Mayor was to see through major projects like this, and subject to the Comprehensive Spending Review, we can get spades in the ground later this autumn.”

Councillor Nick Thulbourn, Cabinet Member for Growth and Regeneration at Peterborough City Council: “The approval of the Station Quarter project is a monumental achievement for Peterborough and I’d like to thank all those involved for their hard work to get to this point. This project will transform the station area into a vibrant gateway, enhancing connectivity and accessibility for residents, business and visitors. I’m looking forward to seeing the positive impact this development will have on our city.”

For more on the project, visit: https://www.peterborough.gov.uk/council/planning-and-development/regeneration/peterborough-station-quarter