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Regional Development

Marketing Derby pledges £20k towards 2025 º£½ÇÊÓÆµ City of Culture bid

City is one of eight with a chance of taking the valuable cultural status, which will submit formal bids next week

Derby Market Hall

Marketing Derby has pledged £20,000 to support the city’s bid to become 2025 º£½ÇÊÓÆµ City of Culture.

The city is one of eight places with a chance of taking the valuable cultural status, and will submit its formal bid next week.

Adam Buss, the man responsible for spearheading Derby's campaign, said they would need to bring in about £25 million to £40 million to support the bid, much of it coming from the city council and local business.

Should they win, he said the benefits could be worth as much as £3.4 billion – the estimated value of public and private investment made when Hull gained the status – and create maybe 800 new jobs.

The team behind the bid has been working hard to generate support, with several Marketing Derby Bondholders pledging their support.

Marketing Derby’s pledge, which will be spread over four years, is a mixture of financial and in-kind support.

John Forkin, managing director of Marketing Derby, said: “Marketing Derby is fully behind the bid to become City of Culture in 2025.

“We are delighted to make this pledge to help build the business support for the application for what we believe will be the best bid submitted.