Investment News | 15 February 2023

Deal paves way for £10m redevelopment

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A council has bought a shopping centre in Buxton to help kick-start the regeneration of the town.

High Peak Borough Council has completed the purchase of The Springs shopping centre.

It means the council has control of the building and the associated land and can proceed with enhancements to the area in partnership with the local community and businesses.

After receiving £6.6 million from the Future High Streets Fund, the council is investing a further £4.2 million to deliver improvements to the main commercial part of the town to complement and enhance the heritage and cultural offer which draws people to Buxton.

This will include new homes, office space, converting the upper floors of existing buildings, improvements to public realm and gigabyte infrastructure.

Leader of High Peak Borough Council, Councillor Anthony Mckeown said: “Town centres across the country face huge challenges and Buxton is no exception.

“To reverse that trend, we’re all agreed that Buxton town centre needs investment and improvement to create modern, fit for the future places for living, working and enjoying leisure time.”

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