In the last financial year, more housing units have been completed in Derby city centre than across the rest of the city for the first time in recent history.
Deputy Leader Cllr Rawson, who has responsibility for regeneration and economy, says this signals that there is high investor and developer confidence in the city.
During the 2016/2017 financial year, a total of 1,029 units including student accommodation were completed across Derby of which 57 per cent – or 585 units – were in the city centre.
“What this also means is that in the last year we have already achieved nearly one-third of the 1,900 units we aim to deliver through the City Centre Masterplan by 2030 … We are seeing investor- and developer-confidence in city living in Derby at an all-time high,” says Cllr Rawson.
“In addition, Middleton House has just recently been sold and is to be transformed into a mixed used development including high-end residential units, subject to planning permission.
“The Debenhams building which is currently on the market for a similar mix-use development as Middleton House has attracted substantial interest regionally, nationally and internationally,” he adds.
So successful is the progress on achieving the objectives set out in the first five years of the City Centre Masterplan – a year after it was launched – that work is expected to start later this year on the delivery plan for the next five years.
The projects to be delivered during the first five years of the City Centre Masterplan include a new Music and Performance Venue, regeneration of the Becketwell area, renovation of the Silk Mill, reinvention of the Market Place, creating quality workspaces for bigger businesses, providing super-fast connectivity and free Wi-Fi in the city centre and delivery of the Townscape Heritage Initiative.