Infinity Park Derby — the latest jewel in Derby's hi-tech crown — was launched today by Chairman of the Conservative Party, Patrick McLoughlin MP and Councillor Ranjit Banwait, Leader of Derby City Council.
Councillor Ranjit Banwait, Leader of Derby City Council, said: "I look forward to seeing Infinity Park evolve into a first-class, hi-tech hub for the automotive, rail and aerospace industries. It is a development that will reverberate for many years to come, providing work for thousands of people."
Also speaking was Colin Smith CBE, Group President of Rolls-Royce plc.
The hundred-acre site is a partnership between Bondholders, Derby City Council, Rolls-Royce plc, Cedar House Investments, Peveril Securities and Wilson Bowden.
At the launch ceremony for the 2.4km Infinity Park Way, which joins the A50 Junction 3 at Chellaston Island and Wilmore Road, guests undertook an inaugural drive in the iconic Derby-built Rolls-Royce Silver Ghost and the hydrogen fuel cell-powered Toyota Mirai.
Peter Gadsby, Chairman of Cedar House Investments, comments: "Infinity Park will herald a new era for the south side of the city. In short, with the road open, we are open for business."
The project has received funding from the Regional Growth Fund (RGF) and D2N2 LEP, as well as significant investment from Derby City Council, Wilson Bowden, Cedar House Investments and Peveril Securities.
The Government has awarded Infinity Park Derby Enterprise Zone status and has included the site in its Midlands Engine pitchbook which is being taken to international investors.
John Forkin, Managing Director of Marketing Derby, who sits on the Infinity Park Steering Group, said: "Today is a landmark for the city. The partners have put in an amazing amount of hard work to get us where we are and the serious marketing of this opportunity can now begin."
Appointed commercial agents are Salloway Property Consultants and JLL. In addition, Bondholder FHP Property Consultants has been appointed to manage the park's development infrastructure and communal services.
The first building to open on the park will be the £11.8 million 45,000 sq ft iHub later this summer, constructed by Derby firm G F Tomlinson.
Infinity Park Derby's launch marks the beginning of the next chapter of Derby's innovation since the success of Pride Park over 20 years ago.
Spanning across 250 acres, 100 of which are to be developed, up to 8,000 jobs can be accommodated at the park. Situated by Bondholder Rolls-Royce, it is an anticipated hotbed of world-leading companies of technological innovation which compliments not only the aerospace sector, but also rail and automotive.