Car park and bus station plans for £250m regeneration scheme to take major step forward

A major scheme that is a key part of the £250m regeneration of Nottingham city centre is set to move ahead as council bosses will be asked to progress with awarding a contract for construction next week.

The Broadmarsh Car Park and Bus Station scheme, which will also feature retail units, forms a major part of the wider Broadmarsh programme, which will deliver significant regeneration on the southern side of the city centre and complement intu’s redevelopment of the shopping centre.

Members of Nottingham City Council’s executive board will be asked at a meeting next Tuesday to approve the project and to progress with awarding a contract for construction.

Council leader Jon Collins said: “This is an important milestone in the project that will enable this exciting development to be delivered.

“The positive impact of investment to date, such as the transport hub at the station, the latest tram extension and the transformation of Station Street, can already be seen in the form of renewed interest in the area and other, private developments coming forward.

“Work began recently on the new Nottingham College and the castle refurbishment is now under way.

“Moving ahead with the new car park and bus station development is the next piece of the jigsaw and can only further promote this regeneration momentum, bringing undoubted economic benefits to the city centre, and providing a high quality addition to the streetscape between the station and the city centre.

“It’s vital we progress as soon as possible to maximise the economic benefits and renewed interest in revitalising this area.”

The Broadmarsh Car Park development replaces the previous 1960s building, demolished earlier this year.
It will offer a 1,341 space car park, a modern bus station, and
retail units in Carrington Street, Collin Street and along the concourse area fronting onto the bus station.

Planning approval was granted in February, and part of the funding has been secured from the Government through the D2N2 Local Enterprise partnership.

In total, developments in the wider Broadmarsh area – the car park, bus station, shopping centre, college and castle – represent a £250m investment, and are expected to create 3,000 jobs, £10bn GVA uplift over ten years, and attract around three million new visitors every year.

The car park development alone is forecast to create more than 100 jobs and generate almost £3m a year for the Nottingham economy.

It is expected that construction will start later this year.