News - 14 March 2017

Cotgrave Regeneration now underway

A Nottinghamshire building project part-funded by the D2N2 Local Enterprise Partnership (LEP) which will see the creation of 15 new employment units, has now officially started.

The Cotgrave Regeneration scheme is receiving £1.8million funding from the D2N2 LEP and will see 15 industrial units ranging from 750 to 2,000sq.ft built by contractors Wilson Bowden, on a site at Cotgrave, Nottinghamshire by July of this year (2017).

D2N2 is the LEP for the Nottinghamshire and Derbyshire area and works with businesses, local authorities, skills and training providers and community and voluntary organisations to grow its economy, with the aim of creating 55,000 new jobs in ten years (2013-2023). As part of this mission, D2N2 has an allocation of Local Growth Funds (LGF) from Government, which are used for projects in its area to help attract investment, improve infrastructure, and boost business. D2N2’s current LGF allocation has recently been increased by £63m, following an announcement of further LGF funding for Nottinghamshire and Derbyshire last week (March 9).

The £1.8m from D2N2’s LGF allocation is being used alongside £850,000 from Rushcliffe Borough Council, whose 35 industrial units in Cotgrave are already full. When constructed, the 15 new units will be let on flexible lease terms at market rates to local businesses and will help to create up to 50 jobs. Interest from businesses has been positive and six of the 15 units have already been pre-let already.

Cllr Neil Clarke, Leader at Rushcliffe Borough Council said:

“Securing LEP funding and a demonstrable track record in small business units makes this a good commercial investment for the Council and its principal partners, Nottinghamshire County Council and Cotgrave Town Council and is an excellent example of the public sector working proactively with the private sector through the D2N2 Local Enterprise  Partnership and Wilson Bowden.”

For more information on the recent announcement of a further £63m in LGF funding for the Nottinghamshire and Derbyshire area, visit http://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 to see what else it is being used for, visit http://www.d2n2lep.org/growth/local-growth-fund

For information on the Cotgrave regeneration, visit http://www.rushcliffe.gov.uk/cotgrave

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

Find us on:

TwitterLinkedInGoogle+FacebookYoutube

Latest News & Events

23 February 2024

D2N2 LEP Deputy Chair David Williams appointed to key role on EMCCA shadow board

Read Article

25 January 2024

Nottingham College students quiz East Midlands mayoral candidates

Read Article

24 January 2024

Last call for Connected Futures event on 25th January – book your place now!

Read Article

19 January 2024

How to ensure you stay up to date with the latest news from D2N2 Local Enterprise Partnership

Read Article

18 January 2024

D2N2 LEP secures funding for next wave of Skills Bootcamps provision

Read Article

17 January 2024

D2N2 LEP Priorities for 2024: Delivery excellence and an exciting transition

Read Article

19 December 2023

D2N2 LEP Annual Event and AGM video published

Read Article

19 December 2023

D2N2 LEP supports Chesterfield Champions event by showcasing our Skills Bootcamps offer

Read Article

15 December 2023

Made Smarter East Midlands is now open to micro-manufacturers

Read Article

14 December 2023

The UK Government’s Hydrogen Allocation Round Announces Major Boost to East Midlands Hydrogen

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