Prime Minister David Cameron is set to announce a £400m leisure development in the Peak District, which will create 1,300 jobs.
Called Peak Resort, the all-weather leisure, health, sport and education destination will be located on the edge of the Peak District National Park.
The project will bring together leading hospitality, university, sport and medical expertise and will offer 600 holiday apartments, hotel and hostel units and 250 woodland lodges.
It will create more than 1,300 full-time jobs when it opens and many more in the construction phase over the next three-and-a-half years.
George Cowcher, Chief Executive of the East Midlands Chamber, which represents businesses in Derbyshire, Nottinghamshire and Leicestershire, said: “This is fantastic news and will totally transform both the economy and the tourism offer of Chesterfield and the Peak District.
“This scheme has been in development for many years, so it’s great to see it has finally secured the funding to bring it to fruition, along with the green light to make it happen.
“The visitor economy, particularly in this part of the region, is a key driver of economic growth and this new development will further enhance the offering, draw more visitors to the area and make Chesterfield and the Peak District an even stronger proposition for potential investors.”