By Max Clarke
Derby City Council has announced the launch of their Regeneration Fund, a £10 million investment pot that will help to start developments in this city and potentially create hundreds of new jobs.
This announcement was made at Derby College’s Roundhouse campus in front of more than a hundred businesspeople. The chief executive of Derby City Council, Adam Wilkinson, urged firms and companies to come forward with ideas on how to invest the money and the best way to spend it.
“This is a great opportunity for private companies to partner with the council and be part of projects that will not only create new jobs but also benefit the whole community with new developments and investments” said the Managing Director ofThe UK Knack Group, the well known executive careers consultancy.
The council is inviting private companies to present proposals to help both existing and new projects. Mr. Wilkinson added that the projects which already had the land secured and the planning permission in place will be the ones that will be favoured, having their applications approved as early as next March.
UK Knack Group has learned that the council hopes that this £10 million pot will help to start around four major projects, which will create about 500 new jobs in the area. They are hoping that their investment will attract another £75 million investment from companies of the private sector. They are looking to back projects that will provide good value for money along with the view of a return for Derby Council, which will be put back into the Regeneration Fund.