Growing Places Funding for Chesterfield Waterside
The Sheffield City Region Local Enterprise Partnership (LEP) Board approved £2.4m funding from its Growing Places Fund for the Chesterfield Waterside development.
Chesterfield Waterside will take a largely vacant edge of town centre waterside site and create a vibrant new environment of buildings and open spaces. This will be home to a thriving new community of businesses and residents and will become a major attraction for visitors.
Chesterfield Council Leader and Executive Member for Regeneration, Councillor John Burrows, said, “Hot on the heels of Markham Vale’s inclusion within the Sheffield City Region Enterprise Zone, we now have more good news for Chesterfield’s economy.
“This allocation of £2.4m will help unlock delivery of the Chesterfield Waterside development through providing the necessary investment to complete the canal link and improve traffic access to the site’.
James Newman, Chairman of the Sheffield City Region LEP, said, “Growing Places Funding is giving important development projects across the Sheffield City Region the boost they need to deliver real economic and social benefits to residents and businesses.
“Growing Places is helping the LEP to concentrate its efforts where it matters locally, which means better value for money and real improvements for our communities and our economy.”
The project will give Chesterfield back its waterside environment by restoring and building a navigable waterway through the 25 hectare site to a new canal basin which will be the heart of the development. The scheme will incorporate restaurants, offices, shops, hotels, bars, apartments and houses. The site runs from north to south either side of the River Rother/Chesterfield Canal and alongside the A61.
Peter Swallow, Director of Urbo Regeneration, the developer behind the project said, “I am delighted by the news that the LEP Board has given the go-ahead for Growing Places Funding to be allocated to this exciting project to regenerate Chesterfield’s waterways.
“This project will add a new dimension to Chesterfield’s historic town centre by modernising and rejuvenating the waterside area. This will bring economic prosperity by providing spaces where businesses, residents and tourists can thrive.
“Our plans for the site include: a new canal basin; landmark public spaces; an eco-park; a waterside residential neighbourhood of around 1200 homes; over 30,000 square metre business space; and shops, bars, cafes, galleries and hotels.”
Following news in the Budget that the LEP has secured a further £6 million worth of Government funding to continue its Growing Places Funding programme, the LEP will soon be announcing a new round of applications for funding.