Funding. Place Projects - 05 April 2017

£1.2million funding agreed by D2N2 for Cotgrave town centre works

A £1.2million investment in a town centre regeneration project has been agreed by the D2N2 Local Enterprise Partnership.

 The ‘A46 Corridor’ regeneration scheme around Cotgrave, Nottinghamshire, is being delivered in four phases; with the aim of creating an estimated 2,800 jobs, 27 hectares of employment land and 1,600 homes. Phase One, to create extra employment space on the site of the former Cotgrave Colliery, has already begun and should be completed in July (2017).

Phase Two of the works, to regenerate Cotgrave Town Centre and create around 70 jobs, is set to be completed by January 2019. This phase will cost £8million in total – funded by Rushcliffe Borough Council and a mix of funding sources – with £1.2million of that amount having just been agreed by the D2N2 Infrastructure and Investment Board.

D2N2 is the Local Enterprise Partnership for Nottingham, Nottinghamshire, Derby and Derbyshire. It works with businesses, local authorities, skills and training providers, and community and voluntary organisations to grow its economy, jobs and new businesses in its area. Its funding includes a Local Growth Fund allocation from Government, invested in infrastructure projects – such as the A46 Corridor scheme – which will help economic and jobs growth.

Regeneration of Cotgrave town centre, under Phase Two of the project, will include improvements to shop units including upstairs business accommodation, improved public spaces; and the building of a new centre to house police, library, Rushcliffe Borough Council contact point, GP and health centre services, and potentially the Town Council (see images of the planned Cotgrave Centre at the top of this article and directly below). Contractors are scheduled to start onsite in May (2017), with a view to having all town centre regeneration works completed by January 2019.

Cotgrave Centre artist impression 2

Phase Three of the A46 Corridor project will be to enable the delivery of 1,050 houses and 15.6 hectares of employment land, with Phase Four including road widening works around the site of the former RAF Newton base to enable the delivery of a further 550 houses and 6.45 hectares of employment land. In total the A46 Corridor project is set to cost around £14.5million.

Matt Wheatley, Growth Plan Manager for the D2N2 LEP, said: “D2N2 has now invested £3m from its Local Growth Fund to support the continuing regeneration of Cotgrave, providing spaces for businesses to grow and an attractive environment for people to enjoy. This is part of our wider investment programme to support town centres, and promote jobs and growth across Derbyshire and Nottinghamshire.”

For information on the A46 Corridor project works, visit website www.rushcliffe.gov.uk/cotgrave

For more information on the recent announcement of a further £63million in LGF funding for the Nottinghamshire and Derbyshire area, visit www.d2n2lep.org/News/63million-cash-boost-for-d2n2-to-accelerate-delivery-of-jobs-and-growth 

For more information on D2N2’s Local Growth Fund allocation and on how it is helping its area’s economy visit the web link HERE

For More Information on the above release, please contact:

Sean Kirby

D2N2 Communications Manager

01159 578749

sean.kirby@d2n2lep.org

 D2N2 logo CMYK

Sam Burbage

D2N2 Social Media and Marketing Officer

01159 578254

sam.burbage@d2n2lep.org

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