Nottingham鈥檚 local enterprise partnership has put 拢8 million into the pot to help bring down part of the Broadmarsh shopping centre site so the area can be regenerated.
Nottingham City Council has been awarded 拢7.99 million from the D2N2 Local Enterprise Partnership鈥檚 Getting Building Fund.
The award, along with 拢4 million of match funding from the Transforming Cities Fund, will help with the first phase of the redevelopment of the Broadmarsh Centre, with work expected to start next month.
This latest funding for Broadmarsh is part of a 拢250 million public sector investment in the 拢2 billion regeneration of what is termed the 鈥楴ottingham Southside鈥 project 鈥 an ambitious plan to redevelop big sections of the southern side of Nottingham city.
D2N2 has put more than 拢62 million into Nottingham Southside, supporting projects such as a new central library, the Broadmarsh car park and bus station and improvements to public spaces and roads, the new Nottingham College City Hub and the redeveloped Nottingham Castle.
The Getting Building Fund is part of government鈥檚 package of financial support to kick-start the economy, create jobs and help areas facing the economic challenges as a result of the coronavirus pandemic.
The D2N2 LEP region was awarded 拢44 million from the fund for 10 projects across Derby, Derbyshire, Nottingham, and Nottinghamshire, which are estimated to create 4,935 jobs, support 1,060 learners, and build 3,389 homes.
D2N2 chair Elizabeth Fagan said: 鈥淭his project is an integral part of Nottingham鈥檚 Southside regeneration.
鈥淭he first phase of the redevelopment of the Broadmarsh Centre will capitalise on our previous investments to enable the city to attract major new investment and support one of our key cities in its future recovery and long term sustainable growth.鈥
Nottingham City Council leader Coun David Mellen said: 鈥淭he Broadmarsh site and wider Southside area represents one of the largest regeneration areas in any 海角视频 city and is a vital part of reimagining Nottingham city centre post-Covid.
鈥淚t was less than 10 months ago when the council was handed the lease for the Broadmarsh centre site after intu went into administration.
鈥淚t presented a massive challenge but we moved quickly to carry out the work needed to keep the important right of way through the centre open and to start the process for securing funding for the first phase of redeveloping the site.
鈥淔inal confirmation that our bid has been successful is a big step forward.
鈥淭he demolition of the west side of the site can now begin which will open up the space through Lister Gate and into the heart of the city as well as enhance views of Nottingham Castle, which itself is currently undergoing a major transformation.
鈥淚t will prepare the way for a new vision for Broadmarsh to be developed and we have asked an independent Advisory Group to make recommendations on how that can be created and delivered.鈥
