Cherry Fair was one of the oldest fairs in Peterborough, granted by a charter in 1189 by Richard I to Abbot Benedict. It was planned to be held on or around St Peter's Feast, on the 29th June, which is why the fair was also known as St Peter's or Petermas Fair and ran for eight days. In 1572 the date of the fair was moved from 29th June to 10th July.
It was traditionally held in the Market Place (Cathedral Square), but in 1899 it was held in Broadway opposite the cattle market, after dwindling visitors and a lack of interest. By 1915 it was little more than a meat market.