A LEADING enterprise partnership has approved £2.4m of funding from its Growing Places Fund towards the Chesterfield Waterside development.
The development, along Chesterfield Canal and the A61, will take a largely vacant town centre site and create a vibrant environment of buildings and open spaces for businesses, residents and visitors.
The Sheffield City Region Local Enterprise Partnership announced the funding go-ahead this week.
Council leader John Burrows, of Chesterfield Borough Council which is the lead project partner, said: “Hot on the heels of Markham Vale’s inclusion within the Sheffield City Region Enterprise Zone, we now have more good news for Chesterfield’s economy.
“This allocation of £2.4m will help unlock the delivery of the Chesterfield Waterside development and provide the necessary investment to complete the canal link and improve traffic access to the site.”
The council project will revive Chesterfield’s waterside environment by restoring and building a navigable waterway through the 25hectare site to a new canal basin which will be at the heart of the development.
Sheffield LEP chairman James Newman said: “Growing Places Funding is giving important development projects across the region the boost they need to deliver real economic and social benefits.”
The multi-million pound scheme will incorporate restaurants, offices, shops, hotels, bars, apartments and houses along the site which runs from north to south on either side of the River Rother and Chesterfield Canal.
Director Peter Swallow, of project developers Urbo Regeneration, said: “I’m delighted the LEP board has given the go-ahead for Growing Places Funding to be allocated to this exciting project to regenerate Chesterfield’s waterways.
“This will bring economic prosperity by providing spaces where businesses, residents and tourists can thrive.”
Urbo Regeneration’s plans include a new canal basin, public spaces, an eco-park, a waterside residential neighbourhood with around 1,200 homes, over 30,000sq metres of business space, shops, bars, cafes, galleries and hotels. email@example.com