Backed by a £2 billion investment pipeline, Chesterfield is redefining its future with bold town centre transformation plans to reshape the town’s economy, communities, and identity. Local leaders say optimism is high as Chesterfield looks to 2026 and beyond.
Town centre transformation
Chesterfield Borough Council’s ambition goes beyond economic growth. Councillor Tricia Gilby, Leader of Chesterfield Borough Council and Vice Chair of Destination Chesterfield, outlined plans for the town centre. She said:
“We’re creating a cultural quarter, more town centre living, and imaginative uses for spaces like the Pavements Shopping Centre. Chesterfield will be a place where people continue to want to spend time and feel proud to call home.”
Major reinvestment is already underway as landmark retail sites find new purpose including:
- Former Wilko store: Purchased by J.B.S.L. Holdings, with plans for a 70-unit aparthotel, two retail units, a coffee shop, gym, and business centre
- Historic Eyres furniture store: Set to become a mixed-use development featuring 20 apartments and 10 commercial units, creating a vibrant hub for residents and businesses
- Former Marks & Spencer building: Acquired by ALB Group, introducing new retail units and upper-floor residential space (subject to planning approval).
Tom Wragg, Associate Director at FHP Property Consultants, which advises on retail and leisure property across Derbyshire, sees this as a sign of progress.
He said: “The retail market is evolving. Investors like ALB are bringing creativity to repurpose spaces; that’s a huge opportunity for Chesterfield. The former Marks and Spencer site is a prime example of where we can introduce new uses that keep people in town longer.”
Skills and innovation driving growth
As Chesterfield’s town centre evolves, the demand for skilled workers and innovative approaches grows. The Construction Skills Hub in Staveley and the new Advanced and Life Sciences Centre at Chesterfield College are equipping young people with expertise in construction techniques, skills that will help bring town centre projects to life. Ruth Whiteman, owner of Peak Project Solutions, explained:
“We’re focusing on modern construction methods and innovation. It’s about preparing young people for tomorrow’s opportunities.”
Business confidence is growing alongside these regeneration and skills initiatives. As new developments reshape the town centre and local training hubs prepare a skilled workforce, firms see Chesterfield as a place to invest and grow.
Peter Lawrence, Senior Business Advisor at East Midlands Chamber, which supports hundreds of local firms, believes the narrative is shifting. He said:
“Chesterfield isn’t just a gateway anymore, it’s a place to relocate, grow and stay.”
A thriving future
The coming year will see continued investment across Chesterfield, with projects creating new jobs, improving public spaces, and supporting local businesses. These developments are expected to enhance the town’s infrastructure and provide additional opportunities for residents and visitors.
Discover more about developments taking place at chesterfield.co.uk/developments.
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