The Government has announced Future High Street Fund allocations for local authorities, with £15 million being awarded to Derby. The Future High Street Fund is designed to help renew and reshape town centres and high streets across the country with the aims of driving growth, ensuring future sustainability, and improving general visitor experience.
The bid for the funding was submitted earlier this year by Derby City Council working in partnership with the Cathedral Quarter and St Peters Quarter BIDs and other partners. The submission set out plans to reinvigorate the city centre, attract more visitors and create hundreds of jobs. The final details on how the allocation can best be spent will be determined in due course. Talks are ongoing on potential schemes that could see the creation of new office space and the regeneration of the Becketwell area of the city centre. There are also talks over potential developments in digital infrastructure and technology in the city centre that could benefit visitors and improve links to key areas.