The East Midlands Combined County Authority (EMCCA) has approved £9.5 million in funding to go to local projects that will help support economic growth for the region.
The money comes from EMCCA’s Investment Fund and the authority has worked with partners to look at projects that can make an impact in the region that do important work to invest in homes, jobs, manufacturing, clean energy creation and greener spaces.
The funding was discussed and approved on Monday 16 December at the EMCCA Board meeting in Mansfield.
This batch of funding is set to go to the following projects:
South Derbyshire Growth Zone (SDGZ) (South Derbyshire)
Up to £1.5 million for the SDGZ to help to facilitate a new junction on the A50 Trunk Road which would enable plans to build 4,500 homes (with Garden Village status) and 3.45 million square feet of commercial floorspace, plus supporting infrastructure including a secondary school.
Trent Clean Energy Supercluster (Bassetlaw)
Up to £3 million to move delivery forward for the Trent Clean Energy Supercluster, which centres on three former coal-fired Power Stations located alongside the River Trent: West Burton, High Marnham and Cottam, all in Bassetlaw. The West Burton power station site in North Nottinghamshire will be home to the ground-breaking STEP prototype fusion energy plant. Fusion promises to be a safe, low carbon and sustainable part of the world’s energy supply with potential to help sustain net zero in the future.
Derby City Urban Quarter (Derby)
Up to £3.75 million for Derby City to transform priority areas to create a vibrant, sustainable, and accessible urban quarter. The funding will enable the wider project work to revitalise historic buildings, enhance transport infrastructure, create new homes and improve public realm.
Broad Marsh (Nottingham)
Up to £3.392 million for Broad Marsh in Nottingham to carry out demolition of part of the frame on the land near to the newly opened Green Heart. This will be an important step in helping to bring forward work on Broad Marsh which will, when complete, provide 1,600 homes and create just over 2,000 jobs, whilst providing a wide range of facilities, entertainment, and attractions.
Infinity Park (Derby)
Up to £1.5 million for a Research and & Development Facility within EMCCA’s Investment Zone to support advanced manufacturing and nuclear sectors. The project will provide services, facility hire and collaborative space to attract new supply chain businesses and inward investment. The funding from the Investment Fund will be used to repurpose existing space available on the Investment Zone site to enable the delivery of new research and development activities which would mean more jobs created.
Avenue Site Southern Access (North-East Derbyshire)
Up to £1 million for The Avenue (Wingerworth), which continues the delivery of one of the most ambitious and effective remediation projects ever undertaken in the UK. The Avenue has been transformed from one of the most polluted sites in Europe to a mixed-use development of sports pitches, nature reserve, housing development. This funding will go towards creating a southern access to the sites to deliver improved access for vehicles and pedestrians and enable future development.
Mayor of the East Midlands, Claire Ward said: “These projects have been chosen for funding this year because their delivery will help boost the region’s economy. They will create jobs, help towards building homes, boosting local businesses and manufacturing, and produce cleaner energy.
“We want to support and enable them to continue their work and help us towards achieving our vision for an East Midlands full of opportunities, from having good jobs, quality education, and thriving local economies.
“We want to invest in vital projects, we can’t achieve the vision on our own, we need to work with partners across the region to invest in the right projects, projects that will make a real difference and this funding is just the start for the East Midlands.”
