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Multi-million pound boost to city university hopes

The announcement on University funding.

The Cambridgeshire and Peterborough Combined Authority are set to agree funding worth £6.5m towards creating a University of Peterborough.

The business case to increase students currently studying at University Centre Peterborough (UCP) will be discussed at a Combined Authority meeting next week.

The aim of the cash is to secure an independent fully-fledged University of Peterborough.

The in principle funding, to be used over the next three years, looks to increase university student numbers in the city to 3,000 by 2022 by expanding the curriculum, recruiting staff and boosting the city’s Higher Education profile.

Not only will it create opportunities for our young people and attract and develop a better skilled workforce for employers it will lead to the creation of thousands of new jobs and a provide a significant boost to the local economy.

This is just the start of our commitment to make the University of Peterborough a reality.

– James Palmer, Mayor of Cambridgeshire and Peterborough
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