Peterborough secures £3 million Future City grant

Apr 10, 2013 | Smart cit­ies

Peter­bor­ough has been awar­ded a £3 mil­lion grant by the UK’s innov­a­tion agency the Tech­no­logy Strategy Board to develop a smarter city of the future.

Last year Peter­bor­ough was one of only four UK cit­ies to be short­l­is­ted as a final­ist in the Tech­no­logy Strategy Board’s Future Cit­ies Demon­strat­or com­pet­i­tion, which inten­ded to demon­strate how a city of the future might work more effect­ively, effi­ciently and sus­tain­ably.

Although, in Janu­ary 2013, Glas­gow was announced as the over­all win­ner of the £24m com­pet­i­tion, Peterborough’s bid was highly praised by the Tech­no­logy Strategy Board. The bid, named ‘Peter­bor­ough DNA’, built on the excel­lent work and innov­a­tion already under­way in the city but set out how the city could be trans­formed for eco­nom­ic and envir­on­ment­al sus­tain­ab­il­ity.

Now, Peter­bor­ough has been awar­ded £3mil­lion to take for­ward some of the pion­eer­ing ele­ments included with­in the Future Cit­ies bid. For example, it will help loc­al com­pan­ies bring innov­at­ive products to mar­ket as well as drive the devel­op­ment of loc­al skills to meet the city’s busi­ness needs and growth ambi­tions. The fund­ing will enable com­pan­ies to test envir­on­ment­al solu­tions, sup­port­ing the city’s envir­on­ment cap­it­al agenda, and cre­ate jobs through busi­ness growth and oppor­tun­ity, to under­pin the city’s eco­nom­ic devel­op­ment.

Oppor­tun­ity Peter­bor­ough and Peter­bor­ough City Coun­cil led a part­ner­ship made up of loc­al busi­nesses and third sec­tor organ­isa­tions, with vital input from loc­al con­sultan­cies, which suc­cess­fully secured this fund­ing.

Lead­er of Peter­bor­ough City Coun­cil Mar­co Cer­este is delighted with today’s announce­ment, “This is fant­ast­ic news for Peter­bor­ough. It will allow us to drive for­ward some excit­ing pro­jects in the city to bene­fit loc­al busi­ness and loc­al people. This is a vital injec­tion of fin­ance to Peter­bor­ough for com­pletely new pro­jects, which can be a great boost to the loc­al eco­nomy at a time of severe fin­an­cial pres­sure.”

The Tech­no­logy Strategy Board has awar­ded the money to help drive integ­ra­tion across the sys­tems that make the city func­tion, lead­ing to eco­nom­ic growth, through innov­a­tion and sus­tain­ab­il­ity.

Steve Bow­yer, head of eco­nom­ic devel­op­ment at Oppor­tun­ity Peter­bor­ough said: “The com­pet­i­tion was a com­plex one but has provided invalu­able insights into how the city oper­ates and all the innov­at­ive com­pan­ies that are here. This fund­ing will provide oppor­tun­it­ies for busi­nesses to bring new innov­a­tions to mar­ket as well as devel­op­ing skills loc­ally to drive Peterborough’s busi­ness suc­cess and its grow­ing repu­ta­tion for envir­on­ment­al and tech­no­lo­gic­al solu­tions. It was a great part­ner­ship that sub­mit­ted the bid, and that will be invalu­able going for­ward.”