Established in January 2015, Peterborough Investment Partnership (PIP) is an innovative partnership between Peterborough City Council and IAGH3. By enabling the development of surplus land in the Council’s ownership, PIP is helping to support and sustain the growth and regeneration of Peterborough by creating new jobs, retail, housing and leisure facilities, and by generating reinvestment back into the city.
A collaborative partnership
PIP works like a magnet for developers, many of whom prefer to deal direct with the private sector. The Council invests its surplus land and shares its knowledge of the needs of its communities, while IAGH3 invests capital and the professional skills of its team to secure planning permission. PIP then liaises with potential developers and purchasers for individual sites. PIP also has commercial expertise and existing relationships with developers and investors to take potential schemes through the planning process. Longer-term, there could be additional business benefits with future opportunities for PIP to purchase sites that are currently not in Council ownership.