The city of Derby has been given £15 million towards two major city centre projects.
The Market Hall transformation and Eastern gateway projects have picked up the backing from the Future High Streets Fund.
The Government has confirmed both projects will receive the grant, after previously giving provisional backing.
READ MORE: {}
The money will help turn the Market Hall into an attractive, flexible retail and leisure destination and to create a new gateway to the city centre.
Market Hall traders are now getting ready to re-locate to the Eagle Market in the Derbion Centre after the Victorian venue closes on Saturday, June 5, to allow the essential repair work to take place.
The Eastern Gateway will transform the entrance to the Eagle Market, creating a welcoming arrival from the bus station. Public realm improvements will be undertaken with remaining funds.
Derby City Council deputy leader Matthew Holmes said: “It has been a tough time for the high street but this is another step forward in delivering Derby’s recovery plan.
“Transforming the Market Hall and creating the Eastern Gateway will attract more people onto the high streets and diversify our economy.
Most Read
“This huge investment in Derby shows the confidence in us to build back better.”
The Future High Streets Fund is aimed at helping renew and reshape town centres and high streets across the country.
Derbion general manager Adam Tamsett said: “We’re pleased that the government has secured the funding for Derby, as part of the Future High Street Fund.
“With 15 million people passing through the bus station and more than 21 million visiting Derbion each year, the proposed Eastern Gateway redevelopment will bring significant investment to this important area of the city.
“We look forward to working with all of the regional stakeholders on the next steps towards delivering this exciting project.”