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Peterborough’s £47.8m Station Quarter regeneration to get moving after Government backing

CambsNews by CambsNews
7:38pm, May 13 2025
in News
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The regeneration of Peterborough railway station and surrounding land – known as Station Quarter – has taken a major step forward following Government approval of the Full Business Case.

The approval means that, pending the Government’s forthcoming Comprehensive Spending Review, £47.8 million in funding will be unlocked to begin construction on the first phase of works, ‘City Link’, in late autumn this year.

Peterborough Station Quarter Project ‘aims to create a welcoming gateway and vibrant destination on both the East and West sides of the station’. This will make the area easier to access and more attractive by adding a new entrance on the west side and enhancing the nearby surroundings
Current Aerials of Peterborough Railway Station.,
City Centre, Peterborough
Picture by Terry Harris.

Backed by the Combined Authority, Peterborough City Council, London North Eastern Railway (LNER), and Network Rail, the Station Quarter project is a cornerstone of plans to improve the city’s transport, drive economic growth and make public spaces more attractive in the city. The Full Business Case for the proposals was submitted in March this year.

The first phase of works, known as the ‘City Link’, will deliver a clearer, safer and more welcoming pedestrian and cyclist route between the station and the city centre, replacing the current underpass at Cowgate with a direct link.

The wider Peterborough Station Quarter project includes a new western entrance to the station, a multi-storey car park on station’s west side, and refurbished station buildings on the eastern side.

There will be new public spaces to meet and spend time, improved street design and planting, and measures to reduce flood risks.

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Future phases are planned to unlock land for new homes, jobs, and commercial development, replacing some existing surface-level car parking with high-quality, mixed-use regeneration.

Peterborough Station Quarter Project ‘aims to create a welcoming gateway and vibrant destination on both the East and West sides of the station’. This will make the area easier to access and more attractive by adding a new entrance on the west side and enhancing the nearby surrounding PHOTO: Terry Harris

Peterborough Station Quarter Project ‘aims to create a welcoming gateway and vibrant destination on both the East and West sides of the station’. This will make the area easier to access and more attractive by adding a new entrance on the west side and enhancing the nearby surrounding PHOTO: Terry Harris

Councillor Nick Thulbourn, Cabinet Member for Growth and Regeneration, said:“The approval of the Station Quarter project is a monumental achievement for Peterborough and I’d like to thank all those involved for their hard work to get to this point. This project will transform the station area into a vibrant gateway, enhancing connectivity and accessibility for residents, business and visitors. I’m looking forward to seeing the positive impact this development will have on our city.”

Peterborough Station Quarter Project ‘aims to create a welcoming gateway and vibrant destination on both the East and West sides of the station’. This will make the area easier to access and more attractive by adding a new entrance on the west side and enhancing the nearby surroundings
Peterborough Station Quarter Project ‘aims to create a welcoming gateway and vibrant destination on both the East and West sides of the station’. This will make the area easier to access and more attractive by adding a new entrance on the west side and enhancing the nearby surroundings

Transport Secretary Heidi Alexander, said: “I’m delighted to have conditionally approved plans to kickstart the transformative regeneration of Station Quarter and look forward to continuing our work with Cambridgeshire and Peterborough Combined Authority and the City Council on turning their ambitious vision into in a reality.”

“This multi-million-pound scheme would be a catalyst for the wider regeneration of the region, unlocking long-term benefits for residents and businesses, while transforming Peterborough into a more connected, accessible and attractive place to live, work and visit.”

“Local MP Andrew Pakes has been instrumental in getting this project over the line. I’d like to thank him for his leadership and campaigning on this issue.”

Mayor Dr Nik Johnson (right) in Peterborough yesterday with Andrew Pakes, Labour candidate for Peterborough at the general election. Dr Johnson chairs the Combined Authority meeting on June 5 that is expected to kick start community land trust probe. PHOTO: Terry Harris

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