Investment News | 23 May 2023

Chesterfield reveals new growth strategy at UKREiiF

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A new growth strategy for Chesterfield has been unveiled – along with details of several major commercial property projects.

During the UKREiiF real estate event in Leeds last week, the Chesterfield contingent revealed the new Chesterfield Investment Prospectus, which includes schemes that will deliver more than one million sq ft of new office and industrial space over the next two years.

Speaking at the event, Dr Huw Bowen, chief executive of Chesterfield Borough Council, said that the town was “delivering consistent and sustainable business growth”.

He added that Chesterfield had seen interest in its commercial space increase from both local start-ups and companies considering relocation to the town since the pandemic lockdowns.

Data within its new growth strategy reveal that the town’s business population has grown by more than a fifth (21%) in the last decade and created 2,000 new jobs, including 1,800 high-value roles in sectors such as advanced manufacturing and professional services.

Chesterfield is now aiming to attract a further 400 businesses and 2,000 more jobs to the town by 2030.

In addition, several prime locations have been earmarked for new residential development as part of plans to build more than 4,000 new homes by 2035.

Dr Bowen said: “Chesterfield is delivering consistent and sustainable growth, and becoming a destination of choice for entrepreneurs, knowledge workers and investors seeking a compelling work-life alternative to big cities.

“Our investments in assets, infrastructure, and partnerships are fuelling the transition to a higher-skilled, higher-wage economy.

“Our indigenous business base is growing, and we’ve seen enquiries from companies considering relocation to Chesterfield rocket since the pandemic.”

Peter Swallow, chair of Destination Chesterfield, said: “Chesterfield is a great place to live, and now, an even better place to do business.

“We’re investing in high-quality commercial spaces, opening up opportunities for more high-quality homes, and creating an environment that nurtures both residents and entrepreneurs.

“With our strategic location, culture of invention and competitive cost base, Chesterfield is the perfect location for start-ups, scaleups, innovators and investors.”

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