Derby City Council has embarked on a £263m capital programme to support the city’s development momentum and create local employment. The figure was announced last night by City Leader Paul Bayliss and Chief Executive Adam Wilkinson at an exclusive Marketing Derby Bondholder tour of the refurbished Council House.
The capital programme contrasts with the severe revenue pressures placed on the authority by central government.
Investments include £36m each into housing and schools, £56m into city centre projects and £54m into leisure, the largest of which is new Pride Park Arena being constructed by Marketing Derby Bondholder Bowmer and Kirkland.
The Council’s successful Regeneration Fund has created almost 2,000 jobs to date and is therefore being extended to £17.5m.
The impressive £24m Council HQ houses 2,000 staff (compared to 500 before), has an A+ environmental rating and will act as a catalyst for the renaissance of the riverside area. An illustration of this is the work soon starting on the neighbouring Magistrate Courts, which will become offices and the local studies library, and the Riverlights Olympic Swimming Pool.
Renovation of Derby Council Building