intu Derby shopping centre contributed £233.4 million to the city’s economy in 2017.
This is according to a study by planning and development consultants Lichfield’s and came through employment, regional investment and business rates paid.
The research was carried out as part of a wider study by Lichfield’s, which aimed to measure the overall contribution intu-owned shopping centres make to the UK economy.
Over the past 12 months, the British retail sector has lost a number of big high street names. During that time, some shops in Intu Derby have shut but the shopping centre operator has been working to fill the vacant units left behind.
David Fischel, chief executive of Intu, which also operates shopping centres in Spain as well as the UK, said: “Our centres are not only great places for customers to shop, eat and enjoy themselves but provide engines for dynamic economic and social value.
“Every year we add billions to the economies of the UK and Spain through local investment, the jobs we generate and the taxes we, our tenants and employees pay.”
The Intu Derby shopping centre opened in October 2007. At the time, the centre was owned and operated by Westfield, which ploughed £340 million into the development.
In 2014, the centre was bought by Intu Properties and was re-branded as Intu Derby.
Today, it is home to a range of shops, including leading retailers such as Next, Debenhams, Sainsbury’s and M&S, a multi-screen cinema, a large food area and leisure attractions, including indoor golf and bowling. Intu Derby itself is also active in the community supporting a number of projects.
Alexander Nicoll, corporate responsibility director at Intu, said: “We are proud to operate centres, which are not just the nation’s favourite shopping destinations, but also the lifeblood of their communities.
“Intu is guided by its culture and values to create better lives for thousands of people living close to our centres by delivering new skills, employment and health and well-being initiatives - and this in turn generates local prosperity.”