In addition to the answer given on 13 October 2016 to question 47672, on 6th January 2017 the Bishop of Peterborough issued a visitation charge to the Cathedral Chapter and published his directions to improve governance at the Cathedral.
The full charge from the Bishop can be found http://www.peterborough-cathedral.org.uk/userfiles/bishops-charge.pdf
One of the Cathedral Chapter's actions to address its financial difficulties has been to implement an orderly and phased property sales programme. Several properties are now under offer which will enable Chapter to reduce its borrowings and associated interest payments imminently.
A new Cathedral Management Team has been established to direct business activities and the Cathedral also plans to hold more events to raise income.