Derby in line to receive Becketwell funding boost

A major city centre regeneration scheme in Derby is in line for millions of pounds of investment from the East Midlands Combined County Authority.

Becketwell is one of 10 schemes across the region, which have been approved to enter EMCCA’s £25 million Investment Fund pipeline, supporting East Midlands Mayor Claire Ward’s plans to boost growth, create jobs and improve the region.

Following a meeting of EMCCA’s board last month, money has been earmarked for a string of projects set to bring benefits to places and people across the region, by improving town centres, supporting small businesses, creating jobs and helping communities grow in a greener, more sustainable way.

In Derby’s case, money from the fund will be used for enabling works, paving the way for the third phase of the city’s flagship Becketwell regeneration scheme.

The first two phases have been delivered by St James Securities in partnership with Derby City Council. The first involved the creation of The Condor – a 260-apartment build to rent scheme – along with a new public square.

The second phase saw the creation of Vaillant Live, a brand-new, 3,500 capacity events and conferencing destination.

Mayor Claire said: “This funding marks another major step forward in our shared ambition to unlock the potential of the East Midlands.

“Inclusive growth is at the heart of everything we do and we’re ensuring the benefits of investment reach every part of our region, from our cities to our towns and villages.

“These projects will help create new opportunities, drive innovation, and support local jobs, all while strengthening the foundations of our communities.

“We’re working with partners to build a region that celebrates its heritage while looking confidently to the future.

“I’m committed to making the East Midlands a place where everyone has the chance to thrive, contribute, and feel proud to call home.”

Each of the 10 projects will now go through final due diligence to secure the funding.