Peterborough Investment Partnership (PIP) is a development and regeneration joint venture between Peterborough City Council and investment specialists IAGH3. PIP was established to support and sustain the growth and regeneration of Peterborough by developing sites in the city; creating new jobs, retail, housing and leisure facilities.
Established in 2015, PIP’s first project was to master plan and lead the delivery of the Fletton Quays scheme on the south bank of the river Nene.
A flagship development at Fletton Quays
When PIP started the Fletton Quays scheme design, the site was derelict, desolate and contributed nothing to the city centre’s vibrancy and offer. Today, as construction continues despite the challenges of the COVID-19 pandemic, the site is already a residential community with Weston Homes delivering 300+ high-quality apartments.
Fletton Quays is also home to Peterborough City Council’s headquarters at the bespoke Sand Martin House – which incorporates the beautifully refurbished Grade II listed Engine Shed. These will be joined in 2022 by the city’s first Hilton hotel (a landmark Hilton Garden Inn) and the city’s new passport office, part of a government public sector hub that has secured significant jobs for the city.
Leading Peterborough’s regeneration
As construction continues at Fletton Quays, PIP has been working behind the scenes on its next projects. For much of 2020, it was working with the Council on a plan that would radically overhaul the city’s main leisure provision, seeing the well-used but now aging Regional Pool replaced with an exciting new leisure centre on Pleasure Fair Meadows car park.
Towards the end of 2020, the Council’s Cabinet approved the purchase of this facility from PIP based on PIP’s proposals, and more detailed proposals are currently being worked through. The new facility is intended to contain:
- an 8 lane, 25m pool with c300 spectator seats
- a 17mx15m teaching pool, sauna and relaxation space
- c350sqm of family-friendly leisure water, with water features and toddler splash area,
- a c175-station gym, 2 exercise studios of 40-person capacity, 1 yoga studio of 20-person capacity and 1 20-person spin studio
- a 4-court sports hall
- a soft-play area and café
Alongside this exciting, landmark leisure scheme, PIP has begun work on developing a scheme for the Northminster area of the city. Much like Fletton Quays, this development would see the regeneration of an underutilised part of the city centre, which currently faces a myriad of challenges.
PIP sees the Northminster redevelopment as an opportunity to regenerate a site that has unexplored potential, creating a new space near to the heart of the city centre. PIP’s ambition for Northminster is to revitalise the area and set a new standard for what can be achieved.