Chesterfield projects selected as part of East Midlands Investment Fund
Projects for Chesterfield and Steveley have been approved to enter the East Midlands Combined County Authority’s (EMCCA) £25 million Investment Fund pipeline.
Funding will support ten projects that strengthen town centres, boost small businesses, create jobs, and promote greener, more sustainable communities across the East Midlands.
Mayor of the East Midlands, Claire Ward said: “This funding marks another major step forward in our shared ambition to unlock the potential of the East Midlands.
“Inclusive growth is at the heart of everything we do and we’re ensuring the benefits of investment reach every part of our region, from our cities to our towns and villages.
“These projects will help create new opportunities, drive innovation, and support local jobs, all while strengthening the foundations of our communities.”
The projects in Chesterfield and Staveley are:
- Staveley Investment Programme (Derbyshire) – Delivery of the Barrow Hill Memorial Hall, which will create community spaces, health provision, and early years activities and contribute to the Staveley Moorings project to deliver the final works to the project and complete the Staveley Basin project.
- Chesterfield Town Centre Masterplan (Derbyshire) – Supporting the delivery of housing in the Spire Neighbourhood alongside spaces for businesses, and further works to the Stephenson Memorial Hall refurbishment project to create a modern visitor experience in the heart of the town, with an extended theatre, a reconfigured modern museum, alongside new gallery space, a café bar, education and community facilities;
Other projects across Nottingham and Derbyshire include: Clay Cross Town Deal, Ashbourne Reborn, Long Eaton Town Deal, Stapleford Pencil Works, Greening Growth in Giltbrook, Yorke Drive Housing, Newark, Sherwood Revival, Ollerton, and Becketwell Enabling.
Mayor Claire said: “We’re working with partners to build a region that celebrates its heritage while looking confidently to the future. I’m committed to making the East Midlands a place where everyone has the chance to thrive, contribute, and feel proud to call home.”
Progress across the region
EMCCA board members approved the projects during their meeting on Monday, 24 November 2025. Each scheme is now moving through final due diligence ahead of funding release.
This funding round builds on previous regional successes, including:
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The South Derbyshire Growth Zone, backed by Derbyshire County Council in October.
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The upcoming demolition of Nottingham’s Broadmarsh shopping centre, unlocking regeneration and future homes.
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The launch of the Infinity Prototyping Centre at Infinity Park East Midlands in Derby, a new innovation and R&D hub.
Cllr Rob Reaney, Derbyshire County Council Cabinet Member for Economic Development and Regeneration, said:
“We’re working in partnership with our district and borough council colleagues on these projects as part of our wider regeneration plans for the whole of the county.
“With the support of funding from EMCCA, they will make a real difference to local residents by boosting businesses, bringing benefits to our local economy and improving spaces within our communities.
