Peterborough is set to decide a new 10-year strategy to turn the area into a "cultural hotspot".
The proposed strategy, co-produced by the city council, City Culture Peterborough, and Norfolk & Norwich Festival Bridge, proposes forming a local body for heritage and arts and a prospective bid for City of Culture 2029.
It hopes to capitalise on funding received from the Towns Fund to build a new city centre library and cultural site.
Peterborough is also one of 54 Arts Council England priority areas for investment.
City council cabinet member for culture Steve Allen believes the plan can deliver "huge benefits to the city for years to come”.
The strategy will be discussed by the council’s Communities Scrutiny Committee on September 28 before heading to the cabinet and full council for consideration.