This document provides information about Derby, UK including:
1. Derby has the highest proportion of high-tech employment in the UK and is number one in the UK for high-technology industries.
2. The city council has invested over £100 million in infrastructure, regeneration projects, and leisure facilities to attract investment and jobs to the city.
3. Upcoming projects include the Castleward Urban Village, a £100 million 20-year partnership to build 800 homes and commercial space, and the Regeneration Fund which aims to create 500 jobs and attract £75 million in private sector investment.
8. “ “Derby has the highest proportion of high-tech employment in the UK.” David Cameron – 7th March 2011
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10. Cambridge5.8% Reading 4.4% Bristol 4.9% UK’s Number One City for High-Technology %ofworkforce UK Average 2.96% Derby 11.8% (source: State of the Cities)
11. UK’s Number One City for High-Technology Coventry 4,000 Number employed in high-tech Leicester 3,900 Derby 11,900 Nott’m 3,500 (source: State of the Cities)
21. Derby – Labour Pool Travel to Work Area (45 Minutes from City Centre) 1,716,686
22. Nottingham Travel to Work Area (45 Minutes from City Centre) 1,496,121 1,716,686
23. “ “Derby is attracting an influx of well-qualified professionals seeking a higher quality of life.” The Financial Times Derby Profile UK Average Wealthy Executives Affluent Greys Flourishing Families Secure Families Settled Suburbia
28. MIPIM 2011 Council Investments in City Centre Accommodation Strategy Leisure Strategy Castleward Urban Village Regeneration Fund The Future
29. City Council Investments Connecting Derby £40 million completion March 2011 Roundhouse £50 million QUAD £8 million Public Realm (Bridges, Cathedral Green etc) £15 million
30. Investment in Infrastructure: Wayfinding Strategy £1 million Signage and information boards being installed now UK’s first electronically tagged city – 80 tags in phase 1 - Information for visitors - Links to live websites
31. Council Investment: Council House £34 million new build and part refurbishment
32. Council Investment: Longbridge Weir Hydro Electricity Plant £2million Start on site early 2011 Power for the Council House and the National Grid
33. Leisure Facility Strategy £50 million total Swimming Pool Hub 2/3 sites identified for each Plus ‘testing the market’
34. Leisure Facility Strategy Multi-functional Sports Facility Hub 2/3 sites identified for each Plus ‘testing the market’ OJEU being prepared now
35. Investment in Key Schemes: Castleward Urban Village £100million 20 year partnership 800 dwellings, new nursery and primary schools, community building, retail/ commercial, active boulevard frontages
36. Investment in Key Schemes: Castleward Urban Village Phase 1: Spring 2012 = 140 units, 5 acres Boulevard Phase 1
37. Regeneration Fund: £10 Million MIPIM Launch in 2010 No city centre offices in last 20 years Other developments e.g. Riverlights Brief for Regeneration Fund framed in discussion with developers Addressing market failure
38. Regeneration Fund: Early Schemes Funded Developments with planning permission Site ownership Early starts possible Concentrating on office schemes, and commercial/mixed-use
39. Regeneration Fund: First Commitments Darley Abbey Mills including World Heritage Site Cathedral Quarter Enterprise Centre - £1m match to £3m ERDF bid Castleward site acquisitions - £1m
40. Regeneration Fund Targets over lifetime of Fund: - 200,000 sq.ft new offices - £75m private sector investment - 500 skilled jobs created or attracted Cabinet on 15 March with schedule of potential funding: - Confirming Castleward acquisitions, ERDF match and Darley Abbey Mills - 5 key schemes for approval totalling £10m maximum Regeneration Fund contribution
41. Regeneration Fund All of the approved schemes will be implemented – space for another 2 or 3 in next phase All approved schemes will start in 2011/12 – a balanced portfolio of projects www.derbyregenerationfund.co.uk
42. Regeneration Fund: Outputs in Phase 1 Job created/safeguarded - 860 Private Sector Investment - £17.95m BREEAM Excellent Floorspace - 101,061 sq.ft Floorspace Refurbished - 25,866 sq.ft - Initial investments in first two years - £10m - Direct leverage through 50% JVs = 2:1 - Indirect leverage through related schemes, Public Realm, S106 etc – 7.5:1
43. Derby Plan (Derby City Partnership) Economic Strategy (Derby Renaissance Board) City Centre Regeneration Framework