Bondholder Derby City Council has announced it will be proceeding with a new 3,000-capacity £32 million music and performance venue.
Following a public consultation with over 1,000 responses, the Council’s preferred option of a music and performance venue has been approved by the public with 43% responding that this is their preferred option.
This venue will be suitable for a wide range of events including music and comedy acts, the two most popular type of events selected by consultation respondents, particularly amongst the young.Additionally, it will complement theatre provision at the Guildhall and Derby Theatres, whilst offering conferencing and exhibition facilities currently not available in the city centre.
Derby City Council have also announced that, in response to overwhelming feedback in the consultation responses, work will begin immediately in a bid to deliver the project in 2022, with planning submitted in 2019, followed by construction getting underway in 2020.
Martin Rawson, Deputy Leader of Derby City Council, said, “This new venue is a game-changer for further investment that will help us build our economy for the benefit of all.”
Next steps in the project involve procuring an operator, developing a design and finalising the business case. The project is to be fully-funded using an £8.6 million grant from D2N2 Local Enterprise Partnership alongside borrowing funded by a 1% rise in Council Tax and the ongoing
revenue produced by the building.
John Forkin, Managing Director of Marketing Derby, said, “We are really pleased that the huge amount of effort to get to this point has paid off. The music and performance venue is now backed by IPW, leading international consultants, Cushman & Wakefield, Derby City Council and the businesses and people of Derby. The delivery of a new performance venue is a cornerstone of the regeneration of the city centre as laid out in the Derby City Centre Masterplan 2030 and we welcome this important step towards opening night.”
Derby City Council will be establishing a Stakeholder Reference Group to be involved in all stages of the development. In addition, they will explore a mechanism for a design competition so that stakeholders can have a say in the development of the design of the building.