D2N2 announces the Getting Building Fund which will see projects in Derbyshire receive funding
Five projects across Derby and Derbyshire are set to receive funding as part of announcement to invest £44.4 million on projects across D2N2.
Published on 5 August 2020
Projects set to receive funding within Derby and Derbyshire include:
- a centre of excellence for modern construction techniques and digital technology in Chesterfield
- the Manufacturing Research Centre based at Infinity Park in Derby
- key infrastructure developments designed to unlock the development of the former Drakelow power station in South Derbyshire
- Smartparc, a food innovation park built on a 140-acre brownfield site near Derby
- the renovation and repurposing of municipal buildings in Glossop, turning them into incubation units for business start-ups
All project funding is subject to the delivery of a full business case which will be considered by the D2N2 Board.
The investment comes as part of the government's Getting Building Fund, a £900 million scheme announced by the Prime Minister in June, investing in shovel-ready housing and infrastructure projects, creating jobs, and supporting economic recovery across the country.
The move is part of the government's plan to deliver upgrades to local infrastructure and boost skills to help fuel a green economic recovery.
The investment will provide 4935 jobs, 1060 learners, and 3389 homes across the D2N2 region.
Minister for Regional Growth and Local Government Simon Clarke MP said:
“We want to build back better to fuel a green economic recovery across the country by investing in infrastructure, creating jobs and building the homes people need.
“That is why, we are investing £900 million in shovel-ready projects through our Getting Building Fund, including £44.4 million in the D2N2 area.
“This funding will unlock homes, create new jobs and deliver investment in commercial and green spaces and a much-needed boost to the local economy.”
David Williams, Interim chair of D2N2 said:
“We very much welcome the announcement by the government. This will provide a major stimulus for our communities across the region.
“We believe the size of the allocation demonstrates a belief in what the D2N2 Local Enterprise Partnership can deliver and a testament to the collaborative working between the LEP and its partners.
“As we reshape our Local Industrial Strategy to reflect the impact of the COVID-19 pandemic it's essential we remain flexible to support our communities, that we adapt to new opportunities, and build an economy that it is more resilient in the long term.
“We will continue to work with the government on future funding for investments to support our ambitions for the region.”