People & Skills Projects. Place Projects - 29 March 2018

£30million approved for Nottingham City Hub by D2N2

A brand new, £58million further education and training facility is now set to go ahead after funding was approved by the D2N2 Local Enterprise Partnership.

The Nottingham City Hub will be the flagship campus of Nottingham College – formed by the merger of New College Nottingham and Central College in June 2017 – and it is set to be one of the largest further education institutions in the UK.

The City Hub’s £58million cost is due to be covered by an £18million loan from Nottingham City Council, College funds and £30million from D2N2, which formally agreed the funding today (March 29).

D2N2 is the Local Enterprise Partnership (LEP) for the Nottinghamshire and Derbyshire area. It works with its areas skills and training providers, businesses, local authorities, and community and voluntary sector organisations to create jobs and boost the economy. As part of this, D2N2 works to resolve the ‘skills gap’; – the issue of older workers retiring, with no-one of a sufficient skill level to replace them.

As part of its overall mission to boost the Nottinghamshire and Derbyshire economy, D2N2 has an allocation of over £250million in Local Growth Funding (LGF) from Government. This is used to co-invest in projects across the D2N2 area which create jobs, improve infrastructure and attract investment.

LGF projects are submitted to the D2N2 Infrastructure and Investment Board, which approves part-funding for projects that have a clear and concise business plan and are set to deliver against criteria such as job creation and private sector investment. The D2N2 Infrastructure and Investment Board also monitors each approved project’s progress against its targets.

To date, D2N2 has allocated £178million of its LGF allocation to projects across Nottinghamshire and Derbyshire, including £10.3million as part of the £250million developments around Nottingham Station and the Broadmarsh area, – which includes the pedestrianisation of Station Street and also the ongoing demolition of the Broadmarsh car park and bus station. It is hoped that both of these projects – and the now-approved City Hub – will help to enhance the ‘Southern Gateway’ area of the city.

The Nottingham City Hub is set to be built on a site next to the tram bridge on Canal Street and Middle Hill. The building will be home to around 2,000 students; for business, admin and computing, travel and tourism, science provision, some creative provision, catering and hospitality, care and early years courses and more. It will also house a new café, new training restaurant, performance theatre and business hub; so that businesses will co-exist alongside the College. Work on the City Hub is due to start this summer (2018) and should be ready to welcome its first students in September 2020.

Matthew Wheatley, D2N2 LEP Chief Executive, said: “The Nottingham City Hub has the potential to change the face of further education in the D2N2 area. By working to ensure that the qualifications provided and the students who study at the college are fit for industry, the Nottingham City Hub will play a full and meaningful role in the growth of the D2N2 economy.”

John van de Laarschot, Nottingham College Chief Executive, added: “We are delighted to be able to agree funding for the new Nottingham College City Hub with D2N2 today. It is our aim to bring to Nottingham something truly special, something more than a traditional college campus and which is a unique space in which business and education co-exist to the benefit of both.

“With the College’s plans for its other centres of excellence across the City, Nottingham College will be one of the biggest and best-resourced education and training institutions in the country. We’re confident that these plans will benefit not just our students, who deserve a first class learning environment, but also local businesses and the wider community.”

For more information on D2N2’s work to improve skills in its area, visit website www.d2n2lep.org/skills

For More Information on the above release, please contact:

Sean Kirby

D2N2 Communications Manager

01159 578749

sean.kirby@d2n2lep.org

 D2N2 logo CMYKSam Burbage

D2N2 Social Media and Marketing Officer

01159 578254

sam.burbage@d2n2lep.org

Find us on:

TwitterLinkedInGoogle+FacebookYoutube

Latest News & Events

19 July 2024

Local business support boosted with launch of Early Stage Angel Investment Fund

Read Article

21 June 2024

Spotlight on our Board: Scott Knowles, Chief Executive, East Midlands Chamber, on the D2N2 LEP transition and East Midlands devolution

Read Article

11 June 2024

The D2N2 LEP staff team joins the East Midlands Combined County Authority (EMCCA)

Read Article

07 June 2024

Becky Rix, Marketing Director at Roadgas, explains why Roadgas is a proud member of the East Midlands Hydrogen Consortium

Read Article

05 June 2024

Spotlight on our Board: D2N2 LEP Board Member Natasha Johnson, Director of Partnerships at Global Entrepreneurs UK

Read Article

05 June 2024

Free Expert Business Advice and Support available through East Midlands Chamber’s Accelerator Programme

Read Article

03 June 2024

Spotlight on our Board: D2N2 LEP Board Member Professor Edward Peck CBE, Vice-Chancellor and President, Nottingham Trent University

Read Article

24 May 2024

Focus on the East Midlands: our time is NOW!

Read Article

24 May 2024

D2N2 LEP CEO, Will Morlidge, shares our East Midlands Hydrogen ambitions at UKREiiF

Read Article

24 May 2024

East Midlands Freeport and Freeport East Sign Green Freight Corridor Initiative at UKREiiF

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners