DEGF creates over 800 Derby jobs

A new report by business consultants Carney Green has revealed various core achievements which have been made from Bondholder Derby City Council's Regional Growth Fund (RGF) in its mid-term evaluation.

One of the most prominent findings in the report was that over 800 new jobs have been created as a result of 135 businesses receiving grants and loans totalling over £23 million.

Additional achievements include:

  • access road and other key infrastructure completed for the 100-acre Infinity Park development;
  • construction of a 2.4km access road which ensures Infinity Park Derby is 'investment ready' and expected benefits include accommodating up to 8,000 jobs;
  • construction of the iHub - a flagship facility within Infinity Park;
  • £4.5 million improvements to the Railway Technical Centre (RTC) Business Park — ensuring the facility was retained within Derby;
  • 46 businesses provided with funding and business support through Bondholder Enscite, creating 35 jobs.

Councillor Ranjit Banwait, Leader of Derby City Council, said: "I am delighted to see the report pulls out our key successes such as the creation of over 800 new jobs, more than 130 businesses supported, 5 new businesses attracted to Derby, £18.6m of private sector funding secured and £13.7m of profits generated as a result of investment from the Regional Growth Fund (RGF)."

He continued: "Our collaboration and engagement with existing businesses across Derby has led to investment focusing on local needs, leading to clear and unequivocal gains for Derby."

Our collaboration and engagement with existing businesses across Derby has led to investment focusing on local needs, leading to clear and unequivocal gains for Derby.
— Councillor Ranjit Banwait, Leader of Derby City Council