21.05.20
LEP approves £3.8m for Chesterfield Station Masterplan
Derby, Derbyshire, Nottingham, Nottinghamshire LEP (D2N2) approved a £3.8m grant yesterday (May 20), to part fund the construction of the £7.42m Hollis Lane Link Road project in Chesterfield.
It forms a vital part of the Chesterfield Station Masterplan, a regeneration scheme boosting sustainable economic growth in the centre of Chesterfield.
The funding will come through D2N2’s Local Growth Fund allocation, dedicated to enhancing the regional economy with investment programmes.
In addition to a new commercial development, connectivity in the area will be significantly improved, and support similar awards for infrastructure projects in the region such as the A61 Corridor, the HS2-related development and Chesterfield Higher Level Skills Centre, with a combined worth of £10.75m.
The Local Growth Fund has already allocated £2.4m towards the development of the emerging HS2 Station Masterplan for Chesterfield in order to maximise the economic benefits expected from HS2.
It is hoped that the Masterplan will deliver over 500 new jobs from business moving in to the 0.92 hectares of development plots.
The new Link Road will extend the junction that meeting the station car park, providing direct access to the railway station from the south.
Remedial works are due to begin in September 2020 with work expected to be completed by late 2021.
Derbyshire County Council’s Cabinet Member for Highways, Transport and Infrastructure, Councillor Simon Spencer, said:
“The Hollis Lane Link is a great example of the ambitious work now being undertaken by the Joint Growth Board.”
“It is a key part of the Chesterfield Masterplan which will bring a range of economic benefits to the town and surrounding area.”
Councillor Tricia Gilby, Leader of Chesterfield Borough Council, said: “The Hollis Lane Link road adds value to the work we are already doing on the emerging station masterplan, which is a significant project for Chesterfield and northern Derbyshire’s economy.”
“We are in the process of finalising the station master plan and will be undertaking public consultation later this year.”
“The station masterplan will define our aspirations for the economic future of the area and we continue to work closely with partner agencies to maximise this huge opportunity for Chesterfield Borough and beyond.”