532 jobs take a step closer as £15m Southern Gateway funding is approved
A £15m funding package to improve Nottingham City’s ‘Southern Gateway’ has been approved.
The £250m Southern Gateway programme includes the redevelopment and improvement of the area from the intu Broadmarsh shopping centre to Nottingham’s train station and includes a revamp of the intu Broadmarsh centre and the building of a new bus station, car park, library, retail spaces, and changes to the area’s road and tram links.
Funding of £15m has now been approved from the D2N2 LEP’s Local Growth Fund (LGF).
Nottingham City Council estimates that the regeneration will directly create 532 full time jobs, plus 2,300 indirect jobs (linked to the construction works and supply chains); and will result in a new library, 1,208 space car park, bus station and 7,000 sq m of altered public space.
Elizabeth Fagan, chair of the D2N2 Local Enterprise Partnership, said: “The Southern Gateway project is ambitious. The improvements are designed to attract investors and benefit business, but essentially also to create a space which people will want to live and work in.
“D2N2 is backing this vision, with one of the largest single investments from its Local Growth Fund to date. We believe it will help Nottingham maintain and enhance its status as a UK core city, and aid the economy of the wider LEP area.”
