The cash injection was named as one of the benefits of the creation of the BID as the campaign to secure the support of businesses for the venture was stepped up.
A timetable for the creation of the BID was also unveiled for business owners who attended the first of three workshops that will be held over two weeks to discuss the project.
Business owners also took the opportunity to outline their concerns about disjointed communication around events in the city, the eyesore of vacant stores and anti-social behaviour, especially begging, in the city centre as issues the BID should tackle.
It was also agreed that the environment and sustainability should be the central to a brand for Peterborough that could be used to promote the city nationally and internationally.
Peterborough’s planned Business Improvement District covers an area from the train station to just beyond…