“When it comes to investment opportunities, the town has everything covered”

Peter Swallow, Chair of Destination Chesterfield has given his views on regeneration and investment across the town, following the successful Chesterfield Investment Summit 2022.

The content of the ‘Invest In Chesterfield’ event never fails to impress and this year was no exception. Once again, to a packed room, we heard how Chesterfield continues to punch above its weight.

This is a much-used term when it comes to describing our town, but it is accurate. The level of regeneration and new developments happening in Chesterfield right now surpasses most towns and even some cities.

More than £1billion is being invested in projects across Chesterfield, from social and private residential developments and office accommodation to industrial and leisure developments and retail. When it comes to investment opportunities, the town has everything covered, making it in attractive proposition.

However, there is no denying that tough times are upon us. The UK-wide energy crisis and rise in the cost of living has severely impacted families and businesses.

There is talk of recession but let’s not forget, it was during the last recession that the successful Destination Chesterfield campaign was launched in 2010 to market the borough and attract investment, and this has proved very successful.

As the former leader of Chesterfield Borough Council John Burrows said in 2012: “We could have chosen to bunker down and ride out the recession, but we didn’t. We chose to be proactive and forge ahead with our marketing plans.”

Destination Chesterfield has been instrumental in putting the town on the national and international investment map, ensuring that Chesterfield emerged from the recession stronger, with new employers, businesses and projects.

This forward-thinking approach to creating jobs, homes and opportunity for the people who live in Chesterfield very much remains at the heart of council policy today.

Consider more recent history. During the pandemic the Council invested in office accommodation at the Northern Gateway Enterprise Centre and One Waterside Place, placing the town in an excellent position to benefit from the demand for high quality, modern workspace post Covid.

In addition to numerous private residential developments, during the pandemic work also got underway on ‘the biggest council housing development in the Chesterfield borough since the 1980s.’ The 21 brand new properties at Badger Croft in Loundsley Green represent a fine example of Chesterfield Borough Council’s commitment to increasing the supply of affordable and accessible homes across the town.

When you consider that nearly 90% of local authorities failed to complete a single new-build council home by Q3 of 2021, this is a remarkable feat.

We have seen significant opportunities created by regeneration projects in and around the town centre and at Markham Vale. But there is more to come, a lot more.

Investment in Staveley is set to redevelop and regenerate former industrial areas, bringing with it new homes, jobs, leisure amenities and opportunity.

Recession or no recession, Chesterfield is a borough that won’t stand still. Watch this space.