NOTTINGHAM City Council expects to start work next year on transforming the Broadmarsh area into a new southern gateway to the city.
The city will receive more than £10m from the Government through the Local Growth Fund after a deal was negotiated by D2N2, the local enterprise partnership for Notts and Derbyshire.
The money will help pay for a series of changes to roads and buildings that form a key part of plans to transform the area from a traffic-dominated eyesore to a pedestrian-friendly welcome to the city centre.
Together with plans to redevelop the Broadmarsh Centre, turn the castle into a major visitor attraction and build new offices near the railway station, council chiefs believe the plans could be a “game-changer”, extending the city centre and creating significant jobs.
The £10.4m has been allocated as part of a wider package of investment in Notts which is likely to amount to more than £50m over the next two years and £170m by 2020. The Government says the local growth fund cash will help to attract more than £300m of additional private sector investment.