As part of the devolution deal across Cambridgeshire and Peterborough the government committed to a housing fund of £100million to be spent over the next five years.
The fund will be spent across the area to build more properties including affordable homes.
I was pleased to secure such a large fund to support residents, especially as the original offer from government was to be spent across all of Cambridgeshire, Peterborough, Suffolk and Norfolk!
Details have been announced this week of the first projects, subject to approval, that are set to benefit from this funding that was only available as part of a devolution deal for the area.
On Monday Peterborough was highlighted as an example of a city leading the way in providing fast internet speeds to launch the Government’s new Digital Infrastructure Investment Fund.
Exchequer Secretary to the Treasury, Andrew Jones MP, chose Peterborough because of our successful partnership with CityFibre to develop the city’s full fibre networks, offering internet speeds 100 times faster than the UK average.
The new fund, which will unlock more than £1 billion, will look to replicate nationally what we have achieved in Peterborough. As the UK’s first Gigabit City, we have 300 sites connected to full fibre networks including schools, council buildings and CCTV cameras, as well as 4,000 businesses.
We know there is still work to do to achieve fast internet speeds city-wide, to all residents and rural areas, and the new fund could help us to finance the further extension of the network to these areas.