LEP’s infrastructure investment

Bondholder the D2N2 Local Enterprise Partnership has approved £2.4m of funding for Chesterfield Borough Council to invest in HS2 infrastructure.

The investment will go towards the development of the Chesterfield railway station area in order to capitalise on the economic benefits that HS2 will bring to the town.

The development will be funded through D2N2's Local Growth Fund allocation, a funding programme that enables D2N2 to invest in projects that benefit the regional economy.

The funding announcement recognises the transformative opportunity that HS2 will bring to Chesterfield and the northern Derbyshire area, which will contribute to the achievement of the East Midlands HS2 Growth Strategy.

Chesterfield Borough Council is leading a partnership which includes fellow Bondholder East Midlands Railway, Derbyshire County Council, Network Rail, HS2 Limited to bring forward development at key sites in and around Chesterfield railway station.

D2N2 Chair Elizabeth Fagan said: “HS2 will have a transformational effect, not just on Chesterfield but the whole of our region for generations to come. HS2 will greatly aid our efforts in upskilling our residents to meet the demands of a changing labour market as well as helping us achieve our goal of a carbon-free tomorrow for the region.”

Previous studies suggest that around £25 billion of the £74 billion growth in the region could come into Chesterfield and northern Derbyshire if anticipated investment decisions are made.