Issue details

Approval of Funding for the BID project

The Cabinet Member:


1.    Approved a loan facility to Peterborough Positive Limited to enable them to finance the development costs of the Peterborough Business Improvement District

2.    Authorised the Director of Law and Governance in consultation with the Acting Corporate Director Resources, to enter into such legal agreements as may be required to give effect to the recommendation above and the development and operation of the Business Improvement District.


Decision type: Non-key

Decision status: Recommendations Approved

Wards affected: Central;

Notice of proposed decision first published: 08/11/2019

Decision due: October 2020 by Cabinet Member for Finance and Corporate Governance

Lead member: Councillor David Seaton, Cabinet Member for Finance

Lead director: Acting Corporate Director for Resources

Department: Corporate Services

Contact: Dave Anderson, Interim Development Director Tel: 01733 452468; Email:

Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee