A major regeneration scheme to create a new ‘urban village’ in Derby has received a seven-figure boost.
Castleward Urban Village, which involves building hundreds of homes on a 12-hectare brownfield site in the city centre, is to receive £1.5 million towards to creation of a new primary and nursery school.
The cash has been approved by the D2N2 Local Enterprise Partnership, which invests in invest in projects that benefit the local area and economy, supporting greater numbers of jobs, homes, and learners.
The money for the Castleward school is coming from its Local Growth Fund allocation.
The new school will be for families moving into Castleward, as well as those in the neighbouring Nightingale Quarter development, which is being built on the former Derby Royal Infirmary site.
To help cover the funding gap, the school has also received a further £4.5 million of external funding from Homes England’s Housing Infrastructure Fund.
The facility will have capacity for over 300 primary school children, aged between five and 11 and an onsite nursery with 39 places for pre-school children.
Subject to the successful appointment of an Academy Trust provider, the school aims to be welcoming its first pupils in September, 2021.
Work on the wider Castleward Urban Village has been underway since 2013.
Compendium Living, which is delivering the Castleward project in partnership with Derby City Council and Homes England, has so far built 164 new homes and 12 commercial units – with the overall development delivering 672 more city centre homes upon its completion.
The Castleward development and Derby Royal Infirmary development are priority projects for Derby City Council and part of its wider City Centre Masterplan.
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The funding for the Castleward Urban Village follows similar awards from D2N2 for infrastructure projects that benefit Derby residents including Becketwell scheme, the Museum of Making, and the Our City Our River flood defence scheme worth a combined £23.8 million.
David Williams, interim chairman at D2N2, said: “The Castleward development will add much needed housing stock to Derby, changing the face of the city and enhancing its reputation as a place to live, work, and learn.
“D2N2 is pleased to be able to make this investment, especially in the current climate of economic uncertainty brought about by the pandemic, into the city of Derby as it takes further steps towards recovery.”
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