2018 is to be a pivotal moment in Nottingham’s development with numerous ambitious regeneration projects underway.
Nottingham City Council has driven forward its long-term vision for the city’s regeneration over recent years, with investment in major schemes such as the expansion of the tram network, redevelopment of Nottingham Station, developing the Creative Quarter including the BioCity expansion and extensive housing developments and improvements to neighbourhoods.
This will rev up over the next two years, as developments to the south of the city centre will make it almost unrecognisable from how it looks today. Several regeneration projects – the intu Broadmarsh redevelopment, the new Broadmarsh car park and bus station, Nottingham Castle transformation and the new City Hub being undertaken by Nottingham College – will have a distinctive impact on the city landscape.
The plan is to create a modern and welcoming new entrance to Nottingham city centre from the south.
Together these projects represent the most major investment in the city since the completion of the new tramlines in 2015 in terms of scale, ambition and potential impact on growth. These projects will create new jobs for local people, economic growth and help Nottingham’s future as a successful visitor and shopping destination.
City Council Leader, Cllr Jon Collins, said: “It’s really important for the future prosperity of Nottingham that we remain ambitious and take decisions which are right for the city in the long-term.
“The City Council is behind the drive to make sure Nottingham is fit for the future, with lots of key schemes already delivered and a push this year to re-invent the southern part of the city centre – all of which will bring new business, jobs and amenities for local people.
“The schemes getting underway this year will make the whole area around Broadmarsh virtually unrecognisable from how it is today. New vehicle routes will remove or reduce traffic from around these new developments, making it a much more attractive and pleasant part of the city for people to enjoy.
“A revitalised retail and leisure offer at intu Broadmarsh complemented by modern parking and bus station facilities and new retail outlets, will mean that along with high-quality public spaces, this area will be a real magnet for visitors and help us stay ahead of the game as a visitor destination.
“Add to that the thousands of city students benefiting from better college facilities in the area, plus thousands more visiting the castle, and you can begin to imagine how much more lively and welcoming this part of the city will be in just a few years’ time.”
Brendan Moffett, Chief Executive of Marketing NG said: “The southern gateway transformation is hugely anticipated for its transformative impact on the city.
“Our inward investment team is already seeing increasing levels of interest from investors, developers and potential occupiers with the development of Station Street, as well as the area’s effective transport links. The rest of the regeneration is key to harnessing this interest and attracting further inward investment, which will be one of Nottingham’s key messages at this year’s MIPIM.”
A key regeneration project is the £250m transformation of the Broadmarsh area, which is to be more than just the redevelopment of intu Broadmarsh – it includes a new modern car park and bus station; road layout changes for better pedestrian environments; new City Hub college building and the Nottingham Castle transformation.
These developments are expected to boost the local economy by over £1.1 billion per decade, create nearly 3,000 jobs for local people and attract an extra three million people a year to the city.