Levelling up award for Derby
It's one of two succesful schemes in our area
Derby has secured £20m Government Levelling Up funding towards a plan to redevelop the Assembly Rooms site.
The funding will contribute towards the proposals for a new purpose-built learning theatre.
It's hoped it would increase theatre attendance by 83,000 and attract an additional 25,000 visitors to the city each year, generating an additional £1.7m per year for the local economy.
The announcement of the successful bid is expected to help attract further funding and investment.
Responding to the news, the Leader of Derby City Council, Councillor Chris Poulter, said:
"This funding is an endorsement that Derby is a place to invest. It comes off the back of Derbion and the University of Derby both announcing transformational plans to re-develop key areas of our city.
"At Becketwell regeneration is well underway, the new public square and apartment block are nearing completion and construction work on Becketwell Performance Venue is set to start this year. The transformation of Derby Market Hall is moving a pace and Derbion are in the process of redeveloping the Eagle Market and creating the Eastern Gateway. Derby is very much on the move."
Ashbourne has also been given a £13m award for work through the 'Ashbourne Reborn' project in the latest spending round.