A £250 million housing, employment and retail scheme has got a £3 million grant from the D2N2 Local Enterprise Partnership.
The Lindhurst Development, in Mansfield, will eventually include 1,700 new homes – almost a third of them affordable – more than 2 million sq ft of employment floor space, and 333,000 sq ft of commercial space.
It is going up in four planned phases on land part-owned by the Derbyshire County Council, and phase one of the project, with 530 homes, is already well underway.
The D2N2 funding will go towards phase two, supporting the construction of a spine road to serve the wider development and the surrounding area.
The road will unlock space for 475 homes plus a local centre including shops, a health centre, care homes, and a new primary school and nursery.
There will also be new bus links and walking and cycling routes, which will support as many as 4,000 new jobs.
Work on phase two is due to begin in January 2021 and be completed by March 2022
The project is one of 10 across Derby, Derbyshire, Nottingham and Nottinghamshire which has received funding from D2N2’s £44 million share of the government’s £900 million Getting Building Fund.
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The money has been made available to improve things such as digital infrastructure, support skills and career opportunities, and help with the transition to a low carbon economy to following the Covid-19 pandemic.
The Lindhurst development follows D2N2 investments into the redevelopment of Mansfield’s Old Town Hall and the Allied Health Care Provision facility based at Vision West Notts College and operated by Nottingham Trent University.
D2N2 LEP chair Elizabeth Fagan CBE said: “This development will be key to shaping the future of Mansfield.
“It has the needs of the local community at its core, providing homes and new jobs to improve the prospects for the whole area.
“Through the Getting Building Fund, D2N2 is investing in projects that will drive the regeneration of our regional economy, adapt to new opportunities, and create a more resilient economy for everyone.”
Nottinghamshire County Council leader Coun Kay Cutts MBE said: “I’m delighted this ambitious project which will create jobs, improve skills and bring better housing, is moving to the next stage thanks to confirmation of our successful bid in line with Government direction.
“Now more than ever we need regeneration projects like these to boost economic growth for Nottinghamshire.
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“Once completed, it will generate a £100 million a year for the local economy and create a brighter future for generations to come.”
Richard Bowden, project representative for The Lindhurst Group, said: “We are most grateful to Nottinghamshire County Council for sponsoring our application for £3 million of funding from the D2N2 Local Enterprise Partnership, which has helped to make this early start on this element of the site possible.”
“The grant was approved following weeks of intense effort by the project team, to all of whom we give sincere thanks. This is the first step to providing approximately 1,110 new job opportunities in the area.”
Coun Stuart Richardson, portfolio holder for regeneration and growth at Mansfield District Council, said: “This is great news for Mansfield district as the spine road will unlock space for hundreds of much-needed new homes and community facilities.
“Our district is experiencing an exciting period of opportunity for growth and renewal and the Lindhurst development will further enhance the economic make-up of Mansfield and help the district to thrive.”
Back in August, the Government agreed to more than 300 successful projects which will receive a share of £900 million from the Getting Building Fund.
It said the successful projects could deliver up to 85,000 jobs, over 16 million sq ft of commercial floor space, unlocking 45,000 homes, and almost 10 million sq ft of public realm or green space.
All projects have been selected by local enterprise partnerships and mayoral combined authorities and endorsed by the housing secretary.