£15m earmarked for Derby Market Hall and new city centre gateway
Published: 19 February 2021
Two major city centre regeneration projects are set to receive a share of £15m towards their delivery.
At their Cabinet meeting this month, Derby City Council approved plans to earmark the Future High Streets Funding for the Market Hall and Eastern Gateway.
Derby was awarded £15m by the Government last December, following its successful Future High Streets Fund bid. The Grant is designed to help renew and reshape town centres and high streets across the country with the aims of driving growth, ensuring future sustainability and improving general visitor experience.
In Derby, the funding will be invested in transforming the Market Hall into an attractive, flexible retail and leisure destination fit for the 2020s and beyond, and to create a new gateway to the city centre. The Eastern Gateway will transform the entrance to the Eagle Market, creating a welcoming arrival from the bus station. Public realm improvements will be undertaken with remaining funds.
Councillor Matthew Holmes, Deputy Leader of Derby City Council and Cabinet Member for Regeneration, Planning and Transportation, said:
Our city centre has faced some tough challenges and these essential interventions will create a better connected, more diverse offer that will rejuvenate our high streets so they can thrive and flourish. Successful city centres are the ones able to combine great retail and leisure offerings with residential and business use. All of this will help bring prosperity to Derby and build on our strong COVID recovery plans.
Derby has an extensive regeneration programme that includes Castleward Urban Village; the Nightingale Quarter residential development; the £200m Becketwell scheme including new public square, apartments and performance venue; transforming the Market Hall; refurbishing the Guildhall and re-developing the former Assembly Rooms site.