Thousands of jobs are set to be created at the flagship Markham Vale site thanks to a Government cash boost.
Derbyshire County Council has been awarded £14.2million to transform the northern part of the site, opening up a further 81 acres of land for development and creating a further 2,000 jobs by March 2016.
Councillor Joan Dixon, cabinet member for jobs, economy and transport, said: “This is fantastic news for Derbyshire.
“We want to build a strong local economy which creates jobs, attracts new businesses and provides a future for our young people – and Markham Vale has a key role to play.
“A lot of hard work has gone into getting Markham Vale to the stage it is during extremely tough economic times and this announcement is the latest in a string of very positive recent developments,” she added.
A council spokesman said: “Initial work on the site is due to be completed in March 201. The earliest we’d expect any business to be able to set up on the new site would be March 2016.”
Markham Vale, situated next to junction 29A of the M1, is currently home to 28 businesses employing about 400 people. Over the last year, a number of businesses – including Ready Egg, Subway and Greggs – have announced they are moving to the site, creating 500 jobs. The development will eventually bring a total of 5,000 new jobs to the area.