The 15 light industrial units off Hollygate Lane, Cotgrave, have been developed by Rushcliffe Borough Council and partners. Ten of the units have already been let to businesses.
The development is part of a wider £10.5million Cotgrave regeneration scheme; which will also include construction of a new multi-service centre, landscaping and renovation of shops on the town centre’s precinct. In addition to Rushcliffe Borough Council funding, £850,000 of which has already been committed, the Council has also secured £1.8million in Local Growth Fund investment from the D2N2 Local Enterprise Partnership.
D2N2 – the private sector-led partnership which promotes economic and jobs growth in Derby, Derbyshire, Nottingham and Nottinghamshire – has a Local Growth Fund allocation from Government to jointly fund infrastructure projects in its area (transport improvements, business and skills facilities, etc) seen as directly helping economic growth.
Councillor Simon Robinson, Leader of Rushcliffe Borough Council, said of the development: “These units provide much needed space for new and expanding businesses. They help the Council keep employment opportunities local to help support this growing community.”
The development of additional employment units is part of the wider Cotgrave regeneration scheme which, with the help of Growth Deal funding secured by Rushcliffe Borough Council, also includes the transformation of the area’s former colliery site into a new housing development at Hollygate Park.
For updates on the Cotgrave regeneration scheme see web link www.rushcliffe.gov.uk/community/cotgravetowncentre/
More information on how D2N2 is using its Local Growth Fund allocation to aid its area’s economy can be found at www.d2n2lep.org/Local-Growth-Fund/Projects