Latest News | 10 August 2020

£1.5m Castleward investment

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Bondholder D2N2 Local Enterprise Partnership has approved an investment of £1.5m from its Local Growth Fund allocation into the Castleward Urban Village.

Work on Castleward – the 12-hectare brownfield urban regeneration scheme designed to create a new sustainable community of homes and businesses close to Derby Railway Station – has been underway since 2013. Bondholder Compendium Living is delivering the project in partnership with fellow Bondholder Derby City Council and Homes England and has successfully completed the delivery of 164 new homes and 12 commercial units – with the overall development delivering 672 more city-centre homes, upon its completion.

The D2N2 funding for Castleward will go towards the construction of a primary and nursery school for families moving into the new development as well as those in the neighbouring Nightingale Quarter development being built by fellow Bondholder Wavensmere Homes upon the former Derby Royal Infirmary site.

To help cover the funding gap, the school also received a further £4.5m of external funding from Homes England’s Housing Infrastructure Fund.

D2N2 Interim Chair David Williams said: “The Castleward development will add much-needed housing stock to Derby, changing the face of the city and enhancing its reputation as a place to live, work, and learn.

“D2N2 is pleased to be able to make this investment, especially in the current climate of economic uncertainty brought about by the pandemic, into the city of Derby as it takes further steps towards recovery.”

Councillor Evonne Williams, Derby City Council Cabinet Member for Children and Young People, said: “We’re delighted that work is commencing to create a new inner-city school within the Castleward Urban Village development. The new school will not only provide brand new facilities for the children living in the new Urban Village but also support the surrounding developments around it, whilst creating a new community in the heart of the city.

“The regeneration at Castleward showcases our ongoing transformation and commitment to our City Centre Masterplan to build 1,900 new housing units by 2030. We’d like to thank the D2N2 for their support and investment throughout the Castleward development and the creation of this new school.”


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