Derby City Council have been selected by the Government’s Future High Streets Fund to go forward into the next phase and development a business case to rejuvenate areas of the city centre.
The Derby Future High Streets Fund bid focuses on the traditional high street areas of the city including St Peters Street, Victoria Street and East Street and will see this area redeveloped and diversified. The business case will help connect key destinations in the city centre, like intu, Becketwell and the Market Hall, and create a high quality experience on Derby’s high street for residents, businesses and visitors.
The council submitted a bid in March 2019, in collaboration with the Vibrant City Partnership, and with support from the Future High Streets Fund, plan to have a business case in place for the city by Spring 2020.
Councillor Matthew Holmes, Deputy Leader and Cabinet Member for Regeneration, Planning and Transportation said:
I am delighted that our bid has been selected to move into the next phase of development. Funding from the Future High Street Fund will be vitally important in delivering the ambitions of our City Centre Masterplan and creating a vibrant, sustainable future for those parts of the city centre that have suffered in recent years. We are looking forward to working with key partners in Derby on developing our business case
The Future High Street Fund is £675millon national fund to help reinvigorate high streets and town centres across the country. The scheme was launched by the Government in December 2019.
Martin Langsdale, Chair of Cathedral Quarter BID said:
The Cathedral Quarter BID are delighted to hear that Derby’s application for the Future High Streets Fund has been selected to go forward into the next phase of assessment. We look forward to working with Derby City Council and other partners to develop a full business case.
Helen Wathall, Chair of St Peters Quarter BID added:
St Peters Quarter BID worked closely with Derby City Council and partners on the Future High Streets application and it is excellent news that the city has been selected to progress to the next stage. This represents a fantastic opportunity to unleash the city’s potential and to create a city centre of relevance not only today but into the future.
More information on the Future High Streets Fund can be found on the GOV.UK website.