I thank my hon. Friend the Member for Peterborough for raising this important matter and setting out the proposed project clearly, celebrating his work in campaigning for Peterborough's development. The Government's mission is to level up the UK by spreading opportunity more equally across the country through initiatives like the levelling-up fund, which has already seen £1.7 billion awarded to 105 successful projects in round one of the £4.8 billion programme. Peterborough received a significant £20 million investment from this fund for the new Anglia Ruskin University campus project, expected to boost the economy and create over 500 jobs while also benefiting local communities through educational facilities, cultural events, and green spaces. The minister highlighted additional investments such as £600 million annually for the next 30 years towards economic growth in Cambridgeshire and Peterborough via the CPCA devolution deal. She noted that round two of the levelling-up fund is being evaluated with successful bids to be announced later in the year, emphasizing that local investment has the power to change lives positively.