The technical university is set to open in October 2022 to 2,000 students with numbers increasing to 12,500 by 2030.
An artist's impression of how the new campus will look is has been revealed
And for the first time residents in Peterborough will be able to find out more about the plans for the project, including building designs, floor plans and an artist’s impression of the future campus at the Embankment, all of which will be on display at Peterborough Cathedral in early February.
Mayor James Palmer, leader of the Cambridgeshire and Peterborough Combined Authority which is leading on the project, said: “I am delighted to pull up the curtain on plans for a new technical university in Peterborough, a cause close to my heart and what will be a major driver for economic growth across Peterborough, Cambridgeshire and the surrounding areas.
“Peterborough has seen rapid expansion in both population and employment levels in recent years. Skills growth, however, has not kept up and skills levels in Peterborough are currently in the bottom 10 per cent of the country. There simply aren’t enough workers with the right skills for businesses in Peterborough to thrive and, as a result, the affluence of the area has declined.
“The University of Peterborough will deliver a step-change in life chances for people in Peterborough and beyond, helping to improve and retain the skills of people in the region while also bringing additional opportunity and prosperity to the area.”
The first three faculties of the university are set to include business, innovation entrepreneurship and professional services; information technology, digital and creative services and agritech and environmental services.