Work has now begun on a key piece of infrastructure in North Derbyshire – part-funded by the D2N2 Local Enterprise Partnership.
The Seymour Link Road will link the Markham Vale Enterprise Zone with junction 29a of the M1 motorway. Set to ‘unlock’ extra space for businesses to move into the area, the link road will help create approximately 2,500 new jobs.
Part-funded by both the D2N2 (with a contribution of £2.52million) and Sheffield City Region Local Enterprise Partnerships (£3.78m), and also Derbyshire County Council (£1.26m), the road is one of a number of projects to receive funding through D2N2’s £192million Local Growth Fund (LGF) allocation. D2N2 is a business led partnership which promotes economic growth across Derby, Derbyshire, Nottingham and Nottinghamshire. Its over-arching aim is to create 55,000 new jobs in its area over ten years (up to 2023).
Other Derbyshire projects which have received Local Growth Fund monies – allocated by Government to the 39 LEPs around England on the strength of their ‘business plan’, to create the infrastructure to grow the economy – include £3.48million for the Chesterfield Centre for Higher Level Skills and also £2.19million for Digital Derbyshire, aiding the provision of high speed broadband across the county.
Part of the Markham Vale site was given Enterprise Zone status in 2011, meaning businesses which locate there can receive tax relief and other benefits. D2N2 also invests in sites within the Nottingham and Derby Enterprise Zone.
Businesses which have already set up in Markham Vale include Great Bear Distribution, Meter Provida, Inspirepac, AW Repair Group, MSE Hiller, Squadron Medical, Industrial Ancillaries, Andrew Page, Holdsworth Foods and Ready Egg Products.
David Ralph, D2N2 Chief Executive, said: “Developing Enterprise Zone sites is key to our economic ambitions and at the heart of D2N2’s Strategic Economic Plan, with its overarching ambition to create 55,000 new private sector jobs in key industries, over ten years.
“To that end we are not only investing in Markham Vale, which will benefit hugely from the Seymour Link Road to the M1, but also the Nottingham and Derby Enterprise Zone sites.”
Anne Western, Derbyshire County Council Leader, added: “Seymour Link Road will open up opportunities for more businesses to move to the site and has the potential to create more than 2,500 new jobs for local people and boost the Derbyshire economy.
International contractors Eurovia will build the Seymour Link Road and it is set to be completed in October of this year (2016).