Budget proposals for 2021/22

Last Friday we published a first set of budget proposals for 2021/22 which begin to explain how we will deliver the services that we know our residents need with the funding we have available.

Budget setting has been a challenge in recent years with our funding from government reducing by over 70 per cent in the past decade, but the Covid-19 pandemic has raised the bar on this challenge next year.

To put it simply, we need to make savings totalling £36m – that’s almost a quarter of our net revenue budget, i.e. the money we spend each year on providing services.

In recent years we’ve had to make many millions of pounds worth of savings to balance our budget. We’ve done this by reviewing all the services we provide to make sure they are as efficient as possible, by reviewing contracts to get better value and by increasing our income generation – we now generate £78million of external income annually.

At the same time our population continues to rise – we now provide services for more than 202,000 people, we have more older people requiring care, more children needing school places, more children with special educational needs and more children in care.

But the Covid-19 pandemic has placed an unprecedented strain on the council, as it has many businesses and organisations across our city.

These include a forecast loss of £2.4million in parking revenue, a council tax deficit of £2.8million as many people are unable to pay and an increase in households receiving council tax support, as well as an additional £13.8 million on providing enhanced Adult Social Care services.

This first phase of proposals details how we will save £2.7million but the scale of the challenge will require additional funding and solutions – we cannot meet the challenge by savings alone.

stacks of coins

As a result we are discussing with the Ministry of Housing, Communities and Local Government (MHCLG) and our MPs about potential solutions to the financial situation.

This will not just help us to continue to deliver essential services, but will allow us to continue our highly effective support in fighting the effects of Covid-19 in Peterborough.

And let’s not forget how successful that work has been.

We’ve worked with communities to reduce infection rates from a position of having the sixth highest rates in the country, to below the national average and our scheme to contact trace people who have tested positive for COVID-19 currently has a 77% success rate.

At one point we were one of the best in the country for distributing £32m in business grants and awarding 100% business rate relief for designated businesses totalling £40.3m, plus we have supported vulnerable residents through the Peterborough Coordination Hub.

We’ve had our first meeting with MCHLG and I am pleased to say they have promised to work closely with us. They recognise that even with the considerable support already provided to local government, there will be individual authorities with unique circumstances, such as Peterborough.

Delivering a balanced budget next year is the most severe challenge we have faced, but we will find a solution so that we can continue to work hard to keep people safe, support our businesses and to keep our city moving forward.

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Embankment joins other sites in future growth of Peterborough

As regular readers will know, there is much to be excited about in terms of plans for future growth in Peterborough.

Fletton Quays, North Westgate, the Station Quarter, Northminster and other city centre locations are all set to be transformed over the coming years.

I’ve been in local government for over 40 years and I can honestly say that our current regeneration plans are the most ambitious we’ve had since the Development Corporation way back in the 1960s.

Another area we are working to enhance is the Embankment and this week announced that we are moving forward with the production of a Masterplan, showcasing the 90-acre site as a year-round destination.

The development will include the new university campus, a proposed new stadium for Peterborough United, retention of assets such as the Lido, Key Theatre and open green spaces for leisure and recreational use.

embankment map

It will open up the city’s river frontage making it a destination in its own right, with the installation of a new pedestrian footbridge to Fletton Quays, subject to funding, and improving the use of open green space along the whole stretch of the river.

Last week I addressed delegates at an Investors Conference about our future plans. It was a really positive event and highlighted everything that Peterborough has going for it.

For example, did you know that over the last Century, Peterborough saw the second highest rate of jobs growth of any UK city and our enterprising population has seen the business start-up rate consistently ranked amongst the top 20 cities in the UK over the last 10 years?

There are over 7,000 businesses operating here, the A1 is on our doorstep, and we will soon be able to go direct to London King’s Cross in less than 40 minutes, a great benefit for commuters and shoppers alike!

On top of that, the city boasts a £30 million full-fibre network installed by CityFibre that reaches nearly every home and business premises.

Peterborough is growing fast, and we want it to remain a city where people and businesses can realise their ambitions. These plans will unlock even more potential within our city, creating a refreshed and welcoming environment where people want to live, work, and visit. (more…)

Further Covid-19 safety measures to be introduced

The past six months have been extremely challenging for us all, but one big positive is the way communities have come together to help those in need.

To celebrate this and determine how we can continue to support each other, city community leaders took part in a special summit last week.

We discussed how we can work together to re-energise and reinvigorate our efforts to keep our communities safe, our businesses open and put our economy back on a firm footing.

It was a very positive event, highlighting some of the fantastic work that has taken place in recent months – once again thank you to everyone involved for their sterling efforts.

Moving forwards you will see some visible council and police patrols across the city as we continue to work with our partners to control the spread of Covid-19.

We’re also going to be increasing our work with businesses to make sure they are operating in a Covid-secure way and continuing to push messages out to our communities to ensure as many people as possible are following the rules. We were one of the first areas in the county to produce translated public health messages and this has helped to reduce the spread of the virus in recent months.

We remain committed to promoting testing locally, ensuring everyone who needs a test can get one. We will do this by providing a walk-in testing site in Central Peterborough – more on this soon – and by providing support through our local hub for people who are struggling to access a test, either because of a language barrier or transport issue.

We also want to remove any barriers which are stopping people from self-isolating if they have been asked to by NHS Test and Trace. A big part of this is the financial aspect and so this week we’re launching a support scheme which will offer £500 payments to people who cannot self-isolate for financial reasons. To be eligible you will need to meet certain criteria – please visit www.peterborough.gov.uk/selfisolationpayment

We remain at a crucial point in tackling the virus locally. The rates of infection in Peterborough are below the England average, but they are still higher than they have been in a number of months.

It is vital that we don’t throw away what we’ve achieved so far, so please continue to follow the national guidance and stay vigilant at all times. (more…)

More Opportunities for Peterborough

One of my proudest achievements as a councillor is the work we have done over the past decade to enhance our historic city centre.

When I look around Peterborough now, I see a thriving modern city where people want to live, work and visit.

But with success comes challenges. Our population is rapidly rising, so we need to continue to develop and regenerate the city, so it can be an attractive place for future generations.

Regular readers will be aware that in spite of the disruption from Covid-19, the city is pressing ahead with ambitious plans.

Last week it was announced that we’ve begun acquiring land at North Westgate, kick-starting exciting plans to re-vamp the area and create hundreds of jobs, and just a few weeks ago we saw the planning application submitted for our new university which is just two years off opening.

We’ve plans in place for the Station Quarter to reinvigorate the gateway to the city, we’re in discussions with the owners of the Rivergate shopping arcade about new apartments and a food and retail offering and there’s also the £90 million vision for Northminster to create a residential-led, mixed-use scheme with public realm enhancement.

We’re working with Peterborough United Football Club on plans for a new £50 million, 20,000 capacity-stadium on the Embankment and Fletton Quays continues to move at pace with work recently getting underway on the new Hilton Hotel and expected soon are spades in the ground on a Government Hub.

To help promote our extensive regeneration plans, our partners Opportunity Peterborough are holding an online conference on 9 October. We’re inviting local investors, developers, businesses and stakeholders to learn about our plans and how they can get involved.

Delegates will hear directly about the plans with public sector backing for the city’s ambitions from the Cambridgeshire & Peterborough Combined Authority Mayor, James Palmer, and MP for Peterborough, Paul Bristow.

Our vision for the heart of the city is truly transformative and as I say so often Peterborough’s time really is now, there is so much to be excited about.

It promises to be an exciting event, so if you haven’t already registered and would like to attend, please email info@investinpeterborough.co.uk.

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