£1.9m Regeneration for Derby City Centre

Derby City Council has confirmed it will fund a £1.9m project to reinvigorate Derby city centre, alongside the D2N2 Local Enterprise Partnership.

Improvements will be made to the environment in and around city centre main streets and public spaces including St Peters Street, Albion Street, Exchange Street, Osnabruck Square, the East Street Bridge. Cycle connections between the city centre and the area around the Silk Mill will also be improved.

The improvements will be delivered in six phases between this year and the end of 2019.

The £1.9m plan will be delivered as part of the City Centre Masterplan, and will help regenerate St Peters Quarter.

The £1.9m costs of the works will be met by £1.65m from the D2N2 Local Enterprise Partnership. The cash will come from D2N2’s Local Growth Fund allocation, which is used to co-fund infrastructure projects which will directly aid economic and jobs growth in its area, and Derby City Council, which will provide £250,000.

Overall, it is estimated that the project will create more than 1,000 metres of new and improved cycle routes (and legalise cycling through the city centre via St Peters Street, before 10am and after 5pm), improve 3,000 square metres of the city centre’s public realm and support 35 new jobs.

Martin Rawson, Deputy Leader of Derby City Council, said: "I am delighted that D2N2 has agreed to part-fund this project, which will improve the public realm in the St Peters Quarter and other parts of the city centre.

"Together with other projects under the City Centre Masterplan these will transform Derby into a vibrant and successful city centre, which in turn will drive the local economy.

"Quality public spaces create attractive environments for people to live and work in, as they provide a sense of ownership and pride. They also influence investment decisions and consumer behaviour, and I am very happy that D2N2 share this vision for a vibrant and successful city centre.”

A strong and vibrant city centre is vital to an area’s economy, if it is to attract new investors and retailers, and create jobs. That is why we have worked closely with Derby City Council on this ‘Placemaking’ project and are investing significantly in it.
— Peter Richardson, Chair of the D2N2 LEP