Major regeneration projects to benefit from £15m fund

Derby City Council has approved plans to earmark a share of £15 million of Future High Streets Fund cash to two major regeneration projects.

Derby was awarded the cash by the Government in December, following a successful bid to the fund, which is designed to help renew and reshape town centres and high streets across the country.

The aim of the Future High Streets Fund is to drive growth, ensuring future sustainability and improving general visitor experience.

In Derby, the city council’s Cabinet recently agreed to put some of its £15 million grant towards the Market Hall and Eastern Gateway projects.

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The Market Hall is being transformed into an attractive, flexible retail and leisure destination fit for the 2020s and beyond.

The Eastern Gateway will transform the entrance to the Eagle Market, creating a welcoming arrival from the bus station.

Public realm improvements will be undertaken with the remaining funds.

Councillor Matthew Holmes, deputy leader of Derby City Council and cabinet member for regeneration, planning and transportation, said: “Our city centre has faced some tough challenges and these essential interventions will create a better connected, more diverse offer that will rejuvenate our high streets so they can thrive and flourish.

“Successful city centres are the ones able to combine great retail and leisure offerings with residential and business use.

“All of this will help bring prosperity to Derby and build on our strong Covid recovery plans.”