Derby’s Riverside Given £10 Million Boost
Derby is set to be given a £10 million investment to support the regeneration of the city’s riverside.
As part of the Government’s initiative to protect homes and businesses from flooding, Derby City Council are running an Our City Our River (OCOR) project.
The OCOR aims to create vibrant areas along the river where people want to live, work and visit.
The funding, which will go towards the creation of a new riverside park, will transform the east side of the river around Stuart Street, Phoenix Street, and Exeter Place, creating a new area of the city, Derby Riverside.
The scheme would both support the OCOR project and provide commercial space that could accommodate around 1,000 jobs.
Work to regenerate the area has already begun with the installation of four new flood gates and repaving and realigning the road of the Exeter Bridge.
The River Derwent, which runs through the heart of the city, is just a short walk from Wavensmere Homes’ new development the Nightingale Quarter.
The Nightingale Quarter lies on the site of the old Derbyshire Royal Infirmary and is one of the largest city centre regeneration sites in the UK, covering more than 18.5 acres.
The unique development will bring almost 800 city centre homes amid six acres of green open space, parklands, and gardens.
Read more about the proposed plans for Derby Riverside here