News - 28 July 2015

Multi-million pound Derby development helped by D2N2 funding celebrates first phase opening

A major housing, business and commercial development near the centre of Derby – part-funded by the D2N2 Local Enterprise Partnership – officially marked the completion of its first phase with a public event this morning (July 28).

Derby’s Castleward development is seeing new homes, and commercial and public space built on land near Derby Train Station.

D2N2 – the Local Enterprise Partnership (LEP) for Derby, Derbyshire, Nottingham and Nottinghamshire – is investing £850,000 in the project from its Growing Places Fund (GPF); which was set up to fund projects which would boost the economy of the area, including by providing work for the construction industry, one of its eight key economic sectors. Other GPF projects include Nottingham’s Medipark and Medicity developments.

P8-9 -Compendium Living MD Dave Bullock and Castleward hoarding (Pic courtesy Compendium Living)

Dave Bullock – Managing Director of Compendium Living

Phase one of Castleward’s development has included the building of 164 new homes and around 16,500 square feet of commercial space. When complete, the Castleward project will consist of 800 new homes and 34,550sqft of commercial space, across 30 acres of land.

This morning’s opening ceremony was attended by Derby City Council Deputy Leader, Councillor Martin Rawson, who officially opened a new public space linking Derby Train Station to the city centre.

Dave Bullock, Managing Director of Compendium Living (pictured) – the company carrying out Derby’s Castleward project – said there had been a fantastic local response to what Castleward offered, with more than 50 of its new homes having been sold to date.

For more information about the D2N2 Local Enterprise Partnership’s Growing Places Fund – click here:

For more information about the Castleward Project – click here:

For more information about Compendium Living – click here:

For media enquiries on this news release call D2N2 Communications Officer Sean Kirby on 01159 578749 or email: sean.kirby@d2n2lep.org 

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