One of Derby’s most exciting regeneration projects will receive a significant update this month, as Cabinet are asked to approve positive changes to the Eastern Gateway Project.
The new proposals would see the project split into two elements: Eastern Gateway (Derbion) and Eastern Gateway (Cathedral Quarter). Cabinet will decide whether to approve capital grants to partner developers delivering these two schemes.
The regeneration of these areas is expected to create new jobs, drive additional footfall, and support the ongoing growth of the city centre.
The Derbion element has been revised and will see the existing façade of the former Eagle Market replaced with an entrance. A new urban garden would also be created as a space for people to sit and enjoy.
The revised scope of the Derbion scheme gives the opportunity for the Council to progress the Eastern Gateway Cathedral Quarter element with developers. This would see heritage buildings in the area restored and repurposed to create new commercial and residential space. This comes after the Council approved a £1.3m loan in September 2023 to bring neglected properties back into use.
To allow these two strands to progress, Cabinet will also have to approve the allocation of £5m total grant
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