Issue details

Approval to acquire the properties at 62-68 Bridge Street for community uses – KEY/03AUG20/01

The Cabinet Member:


1. Approved the freehold acquisition of 62-68 Bridge Street, Peterborough.

2. Approved associated stamp duty land tax and professional fees.

3. Approved a contribution towards building conversion and fit out costs, subject to confirmation of financial support from the Towns Fund.

Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: Recommendations Approved

Wards affected: Central;

Notice of proposed decision first published: 03/07/2020

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Appendix 1 is NOT FOR PUBLICATION in accordance with paragraph 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information). The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it

Decision due: Not before 25th Aug 2020 by Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead member: Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead director: Executive Director Place and Economy

Department: Place and Economy

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

Consultation process

Relevant internal and external stakeholders.

There will be detailed consultation with prospective end users and community and cultural groups.

Relevant Scrutiny Committee: Growth. Environment and Resources Scrutiny Committee