Investment News | 18 May 2021
£1.75m incentive fund launched
Derby City Council has launched a £1.75 million initiative to encourage more businesses to locate to the heart of Derby.
It wants to work with businesses who will bring high-quality jobs into the city centre, as well as owners of vacant buildings, to repurpose redundant space for new economic uses, including offices and apartments.
Through the new scheme, the council recently supported IT company Bam Boom Cloud to move its global headquarters to a vacant building in the Wardwick, bringing almost 100 high-value jobs to the city centre.
Now, it is making funding available to attract others to follow suit.
David Fletcher, the council’s director of city development and growth, said: “Bam Boom Cloud is the perfect example of what we’re aiming to achieve through this inward investment initiative. We now hope to attract further jobs into the city centre and achieve new uses for more of our vacant properties.”
John Forkin, managing director of Marketing Derby, said: “People want to see a dynamic and vibrant city and this fund provides us with a unique opportunity to support new jobs and investment in making that happen. Early interest has been incredibly positive.”
For more details on the scheme and eligibility e-mail economic.growth@derby.gov.uk.
