£23m bid to revitalise Derby

Derby is to ask the Government for £23.7 million to help fund a series of schemes that will reinvigorate the city centre, attract more visitors and create hundreds of jobs.

The money will enable delivery of new office space, create attractive public areas, utilise digital technology to improve visitor experience and provide an exciting new use for one of the city’s most historic buildings. It will establish striking new ‘gateways’ to the city centre and better connect key areas.

The bid will be submitted to ministers later this month as part of the Government's £1 billion Future High Streets Fund initiative.

Councillor Matthew Holmes, Deputy Leader of Bondholder Derby City Council and Cabinet Member for Regeneration, Planning and Transportation, said “Successful city centres are the ones able to combine great retail and leisure offerings with residential and business use. Our Future High Street Fund bid, viewed alongside schemes like the Nightingale Quarter and Castleward housing developments and the new Museum of Making, will help to shape a city centre that can be a great place to live, work and relax.”

Success with the application would unlock a total investment of around £100 million – with the rest coming from the city council and private investors – and would be a major boost to Derby’s efforts to reshape and renew its local economy following the COVID-19 health crisis.

An initial Derby plan found favour with civil servants last year and the city was asked to work up a full business case. This will include:

– Becketwell regeneration: conversion of an existing building and new development to create 18,000 square feet of offices and creative workspace together with a new public square, to be known as Summer Hill Yard. This will complement the main public square proposed as part of the first phase of the wider Becketwell scheme, a major redevelopment of the entire area, including shops, restaurants and new homes, by Bondholder St James Securities.

– Market Hall transformation: securing the future of this Grade II-listed building by offering an exciting venue for food and drink, themed markets, a ‘make-and-trade’ zone for new entrepreneurs and space for events and activities.

– Enhanced digital infrastructure: delivering high-quality public WiFi and Smart City technologies to help visitors access real-time information on events, public transport, air quality and car parking.

– St Peters Demonstrator Unit: securing vacant store space for use as a testbed for new cultural, leisure and business ideas that will enrich the high street and attract visitors.

– Eastern Gateway: working in partnership with Intu to create new entrances from the bus station along East Street, with improved public realm and providing opportunities for development of vacant retail space.

The scheme, produced in conjunction with stakeholders such as Marketing Derby and Bondholders intu Derby, the Cathedral Quarter and St Peters Quarter Business Improvement Districts will also see general improvement and ‘greening’ of the streets in the St Peters Cross area.