Investment News | 18 September 2024

Multi-million-pound city gateway revamp set to get underway

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The multi-million-pound transformation of a new gateway to Derby city centre will begin this month after final funding arrangements for the project were approved.

The Eastern Gateway, delivered by Derbion and part-funded by the Government’s Future High Streets Fund, will create a new façade and urban garden, transforming the area opposite the bus station and the eastern entrance to the shopping and leisure destination.

Work will begin this month and is due for completion during the first half of 2025.

Beth McDonald, managing director at Derbion, said: “The Eastern Gateway project will create a welcoming new entrance to the city centre, transforming the environment and encouraging footfall and visitors by opening up the space and introducing an urban square.

“We’re looking forward to getting underway with the development and seeing the positive difference that it makes for the city.”

The final funding arrangements for the project were approved by Derby City Council.

Councillor Nadine Peatfield, city council leader and portfolio holder for city centre, regeneration, strategy and policy, said: “I’m thrilled that this project is moving ahead, marking another significant step in the revitalisation of Derby’s city centre.

“By transforming this area, we’re not just enhancing the look and feel of the city, but also creating a space everyone can enjoy.”

Derby City Council was awarded £15 million by the Government’s Future High Streets Fund to support the development of the city centre.

Out of this, £3 million has been allocated to the Eastern Gateway Derbion scheme, with Derbion itself contributing a further £1 million.

Councillor Peatfield said: “This development will be key to better connecting different parts of the city centre, making it more accessible and welcoming.

“It reflects our commitment to ensuring Derby’s future is bright, inclusive, and full of opportunities.

“We look forward to seeing the positive impact it will have.”


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