News - 27 April 2020

D2N2 announces funding for HS2 site in Chesterfield

D2N2 has approved funding of £2.4m for Chesterfield Borough Council to invest in HS2 infrastructure. 

The investment from D2N2 will go towards the development of the Chesterfield railway station area in order to capitalise on the economic benefits that HS2 will bring to the town.    

This funding will be particularly beneficial to the area’s future as the local economy recovers from the effects of COVID-19.   

D2N2 will be funding the development through its Local Growth Fund allocation, a funding programme that enables D2N2 to invest in projects that benefit the regional economy. 

Chesterfield HS2

The funding announcement recognises the transformative opportunity that HS2 will bring to Chesterfield and the northern Derbyshire area, which will contribute to the achievement of the East Midlands HS2 Growth Strategy.  

Chesterfield Borough Council is leading a partnership which includes Derbyshire County Council, Network Rail, HS2 Limited and East Midlands Railway to bring forward development at key sites in and around Chesterfield railway station. 

Previous studies suggest that around £25 billion of the £74 billion growth in the region could come into Chesterfield and northern Derbyshire if anticipated investment decisions are made. 

The funding will enable a step-change in developing and delivering Chesterfield Borough Council’s emerging HS2 Station Masterplan, which aims to bring disused sites back into use and maximise inward investment and growth for leisure, businesses and visitors.  

D2N2 Chair Elizabeth Fagan said: “HS2 will have a transformational effect, not just on Chesterfield but the whole of our region for generations to come.” 

“HS2 will greatly aid our efforts in upskilling our residents to meet the demands of a changing labour market as well as helping us achieve our goal of a carbon-free tomorrow for the region.” 

Councillor Tricia Gilby, leader of Chesterfield Borough Council, said: “The development of the station Master Plan is a significant project for Chesterfield and northern Derbyshire’s economy.” 

“Our approach to HS2 has been to seek and develop benefits that will help local people find skilled and well-paid jobs and create a station and a destination to inspire future generations.” 

“HS2 is a once in a generation opportunity to transform the fortunes of the borough with the prospect of 10,200 new jobs, 4,700 new homes and an annual uplift of £270 million in expenditure on local goods and services.” 

The news comes in the wake of the Government announcement that confirmed the proposed HS2 line will be built in its entirety, with lines beyond Birmingham through the midlands and the north.  

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