WHAT HAPPENS NOW?

DEMOLITION work is set to commence in January and construction to begin in January 2023, with completion and handover to the operator in late 2024.

Work on phase one of the Becketwell regeneration scheme is currently under way, with the construction of 259 one- and two-bedroom apartments on the site of the former Debenhams store in Victoria Street, which will be funded, acquired, and operated by Grainger plc, market leaders in the UK build to rent and private rented sector. There will also be a new public square. Completion is scheduled for spring 2023.

After the meeting, Paul Morris, development director at St James Securities, said: “To receive consent from the planning committee highlights the significance of bringing a venue of this kind to Derby and will be a real game-changer for the city. The confidence shown in Derby by world-leading operator ASM Global will provide the impetus to attract further investment to the city.

“This decision also strengthens the link between culture and regeneration and will play a key role in Derby’s bid for City of Culture 2025.

“These are exciting times for Derby. We look forward to working alongside Derby City Council and our other private sector partners to deliver a scheme that will revitalise a long-neglected area of the city and contribute to improving the overall vibrancy and attraction of the city centre.”