Regeneration fund created to bring jobs to Derby receives £7.5m boost from council

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Wednesday, March 13, 2013
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Derby Telegraph

DERBY City Council is boosting its regeneration fund by £7.5 million.

The council's decision to increase the fund was announced this morning at international property show MIPIM – Le Marché International des Professionnels de l'Immobilier – where representatives of the council and the city's business community are attending to encourage investment in the city.

  1. Regeneration fund cash helped to bring HEROtsc, now known as Webhelp TSC, to Derby. It also kick-started Friar Gate Square, top, and will revamp the former magistrates' court in Full Street, above.

    Regeneration fund cash helped to bring HEROtsc, now known as Webhelp TSC, to Derby. It also kick-started Friar Gate Square, top, and will revamp the former magistrates' court in Full Street, above.

Launched in February, 2010, the fund originally totalled £10 million and was designed to be used to help developers overcome hurdles to starting large-scale projects. Since then, it has been used to help a number of businesses investing in the city.

It was used to attract call-centre operator HEROtsc, now known as Webhelp TSC, to Pride Park, where it now employs 1,200 people.

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It was also used to encourage developer Lowbridge to begin building work on the multi-million-pound Friar Gate Square offices. In addition, the derelict Full Street magistrates' court is to be turned into offices, meeting rooms and a café in a £3 million revamp subsidised by the original £10 million pot of cash.

Council chief executive Adam Wilkinson said: "The regeneration fund has given Derby City Council flexibility to respond to companies' needs in very quick time – a result of which is the creation of thousands of jobs in the city.

"Job creation remains a corporate objective and increasing the regeneration fund is an illustration of how seriously we take this."

MIPIM, held in Cannes, France, is being attended by the council, Marketing Derby and senior figures from the city's business community to make contact with both UK and international investors who can help drive the city's economy and increase employment opportunities.

Local Enterprise Partnership D2N2 has brought together local authorities in Derbyshire and Nottinghamshire for a joint exhibition stand at the show.

Today's presentation at the event draws attention to the project to build a £20 million Olympic swimming pool complex by the Riverlights bus station and a velodrome on Pride Park.

Work on the pool is due to start in 2014 with completion expected the following year, while construction work on the velodrome is under way and is set to open in 2014.

Mr Wilkinson said: "Derby's velodrome will be the UK's fifth and has already attracted interest from cycling groups across the UK."

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7 Comments

  • Profile image for Http_404

    by Http_404

    Thursday, March 14 2013, 9:37AM

    “ou should view it under the street lights before trying to convince people that it looks anything like copper cladding

    I don't need to convince anyone it IS copper
    I very much doubt also with that amount of copper and glass the office block came in 'cheap'
    I disagree it clashes I think the copper compliments the brick of surrounding buildings and brings out the colour in the trees around the building”

  • Profile image for Derby_born

    by Derby_born

    Thursday, March 14 2013, 12:41AM

    “I remember when they painted the Derby College of Art and Technology during the 1970s, (now the University of Derby) in the same way this building has been decorated, the common belief was that Joseph Mason Paints had given the college a load of end of line paints to decorate the building with. A true flashback to the 1960s and 70s tat!”

  • Profile image for Derby_born

    by Derby_born

    Thursday, March 14 2013, 12:33AM

    “Http404, under the street lights it looks like wrinkled polythene sheeting, something that became a bit of a topic in the pub we visited, everyone who mentioned the building thought it was wrapped in plastic. It is an ugly edifice that does not fit into the Friar Gate Conservation Area, looks like any other 1960s styled eyesore that still dominate our city. Just what is this fascination with metalic cladding on these cheap tacky office blocks? You should view it under the street lights before trying to convince people that it looks anything like copper cladding.”

  • Profile image for SarahL123

    by SarahL123

    Wednesday, March 13 2013, 12:38PM

    “@ Pine_Martin

    Would you prefer to see derelict buildings and waste areas dotted around the city? Is that likely to encourage new business to the area, or retain those we currently have? It's a lovely, simplistic approach to insist this money should go to more 'worthy' causes, but as an 'expert' and 'professional' how bad should the city become before it is considered worth spending on? You only have to look at the state of our schools - regular maintenance would have prevented the need to throw such huge sums at the problem now.”

  • Profile image for Http_404

    by Http_404

    Wednesday, March 13 2013, 12:36PM

    “Derby_Born
    When you drove past the building you should have kept right on St Akmunds Way through the roadworks to drive over the river, at Cockpit, park your car, walk into Westfield

    Spec-Savers is next to Boots

    That's not 'wrinkled plastic sheeting', its copper and its the finished cladding”

  • Profile image for Pine_Martin

    by Pine_Martin

    Wednesday, March 13 2013, 10:44AM

    “An extra £7.5 million - yet vital services fo the most in need are being cut to save a few thousands. Derby Cit Councils priorities are all wrong.”

  • Profile image for Derby_born

    by Derby_born

    Wednesday, March 13 2013, 9:59AM

    “We drove past the offices in the photo last night and they appear to be wrapped in some form of wrinkled plastic sheeting, when will they f****ly expose the structure so that it can be seen?”

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