Town leaders have welcomed a multi-million pound funding boost which will pave the way for significant regeneration in a former mining community in North Derbyshire.
Staveley is set to benefit from £25.2m worth of funding following the Government’s Town Deal programme announcement today – presenting a ‘golden opportunity’ to transform the area for future generations.
It follows a successful bid for funding by the Staveley Town Deal Board, which submitted a Town Investment Plan to unlock the funding package for a range of projects that will drive long term economic growth, offer quality skills and employment opportunities and improve the green spaces and canal network around Staveley.
And it is a further boost for the borough’s wider growth agenda – adding to the significant and sustained investments that are already being made across the area to ensure Chesterfield’s communities are in the strongest possible position to recover from the impact of the COVID-19 pandemic.
Ivan Fomin, Chair of the Staveley Town Deal Board, said: “We are delighted at the news from Government today that Staveley stands to be awarded £25.2m as part of the Towns Fund.
“Our plans are rooted in the needs and aspirations of Staveley’s communities, and have been driven by the Board’s collective ambitions to attract the investment that this area deserves.
“Bringing funding on this scale to Staveley will transform the area and realise huge benefits to local people, both in terms of how they lead their everyday lives and take advantage of future opportunities. As a local businessman and Chair of the Town Deal Board, I am thrilled that Government has recognised the potential of our place and sees the value in backing our Town Investment Plan.”
The funding will be spent over a five-year period, steered by the Staveley Town Deal Board, and with the overall programme managed by Chesterfield Borough Council.
It follows an earlier successful bid by the Board under the Government’s Accelerator Fund – securing £500,000 worth of funding for grassroots projects. They include a new state-of-the-art all-weather sports pitch at Springwell Community College, new play equipment for King George V Playing Field and new CCTV equipment for Staveley town centre.
Welcoming the news, Cllr Tricia Gilby, Leader of Chesterfield Borough Council and Vice Chair of the Staveley Town Deal Board, added: “Today’s announcement is tremendous news for our borough, and for the communities of Staveley who are set to benefit from this sizeable investment in a range of exciting projects and programmes.
“This is a golden opportunity which paves the way for this former mining community – which has often been overlooked by previous national funding programmes – to realise its full potential both now and in the future.
“I would like to thank all of the partners who have worked on the Town Deal over the last year. Staveley is a very special place with a rich history and wonderful assets. Through this funding, we will look to harness the town’s great potential through re-vitalising the high street, delivering new investment and much-needed jobs, supporting local people to reach their full potential and exciting the interest of new visitors to the place.”
Following the announcement of the funding offer, partners in Staveley will be working with Government to agree the terms for the next stage of the Town Deal programme and to determine how each project will be funded.
This will allow the promoters of each project to develop their full business cases, which will be needed before the funding can be released. The Staveley Town Deal Board will be supporting each project through that process so that delivery on the ground can start as soon as practicable.
Find out more about the Staveley Town Deal and read the Town Investment Plan on the Staveley Town Deal page.