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Investing In Derby
Derby - The most central city in the country!
* 10 minute drive from the M1 and 30 minutes from the M6, Derby is at the heart of the motorway network.
* Derby has recently completed a new £50 million road infrastructure, including the new inner-ring road making investment around the city easy.
* A new £20m Bus Station compliments the abundance of safe car parking in the city centre.
* Derby is only 93 minutes from London St Pancras with 35 direct services daily.
* The city is at the heart of the national rail network with fast, direct connections to Birmingham, Bristol, Cardiff, Edinburgh, Leeds, Reading and many other destinations.
* Derby Railway Station has recently undertaken a £30 million refurbishment.
* East Midlands Airport is located just 20 minutes’ from Derby city centre, serving over 4 million passengers every year.
* Birmingham and Manchester airports are within 45min and 75min drive respectively. London Heathrow is only 2 hours away
A City on the up
Derby is a city on the up having attracted £1bn investment into its £2bn regeneration masterplan.
Key investments to date include a £340 million by Westfield creating the region’s largest Shopping Centre and a £50 million Riverlights Complex, home to two hotels, five restaurants and a £9 million Casino.
The next wave of Derby’s regeneration has already begun, and 2012 will see £100 million invested into office, retail and leisure schemes.
Planning permission has already been given for 1 million sq. ft. of new office space, transforming the city centre.
Derby has two successful city centre Business Improvement Districts. The historic Cathedral Quarter and the city’s ‘High Street’ St Peters Quarter, both offer a unique shopping experience complimenting Westfield Derby.
New City Centre Office Development to Begin
Work will start next month on a multi-million-pound office development in Derby.
Developer Lowbridge has said that it will begin building the first phase of the £20 million Friar Gate Square scheme, creating about 250 jobs, on February 13. It is estimated Phase 1 will be complete January 2013.
Derby City Council is providing an undisclosed amount of cash from its £10 million Regeneration Fund, which was set up to stimulate office developments in the city centre, to help with construction costs.
It is believed the development could create 700 jobs when both phases have been completed.
Derby has one of the highest skilled workforces in the UK, 12% of which is employed in hi-tech functions, four times the national average.
Two excellent local institutions Derby College and the University of Derby offer bespoke corporate training and development. The city also benefits from having 15 universities within an hours drive – delivering fantastic access to graduates.
Derby exceeds in recruitment for new businesses due to the wealth of talent and support available in the city. As well as national companies such as Job Centre Plus, local agencies can become effective tools to recruit skilled employees in Derby.
The demographic profile of the Derby area is well above the UK average on many affluent profiles including Wealthy Executives, Affluent Greys and Flourishing Families. Derby has the highest percentage of professional workforce in the midlands.
Derby is home to some of the top global companies in the UK. Rolls-Royce aerospace, marine and nuclear are all Headquartered here as are the UK bases for Bombardier and Toyota.
The city also houses the largest concentration of rail related technology companies in Europe as well as a vibrant software and creative sector.
The ONS has identified Derby as the only city outside of the south-east with GVA productivity above the national average.
Derby is England’s fastest growing city for wealth creation in growth by GVA. As well as having the highest average city salary outside London for a city, Derby also has the highest visible exports per capita.
Derby is England’s fastest growing city for wealth creation in growth by GVA. Derby’s well-balanced economy, with key sectors such as high-value added engineering, creative industries, retail and the office based sector.
Derby is the UK’s leading Aerospace city and the UK’s leading hi-tech city. As well as being home to over 200 rail-related companies, the largest concentration in Europe, Derby also has the highest proportion of graduates in the workforce than any other UK city.
For the first time in 2010, Derby’s growth spend in the retail sector achieved £700 million, and with the city having the highest average salary of any city outside London and attracting a wealthy achiever profile 20% higher than the national average, Derby has become a great location for premium retailers.
Derby has a strong heritage of creativity and innovation, and continues to be at the forefront of transport developments, particularly in the rail and aerospace industries.
Derby is world HQ to Rolls-Royce civil aerospace. It is here that the engines that power Boeing and Airbus’ aircrafts are made. Rolls-Royce also specialise in Nuclear R&D meaning Derby has the highest cluster of nuclear expertise in the UK.
The city is home to Europe’s largest cluster of rail technology consultancies, and the last city in the UK to manufacture trains in the form of company Bombardier.
Derby is also home to Toyota Manufacturing UK, who operate in one of the greenest plants in the world, and today, exporting cars to Japan.
Finally, Derby is home to the flourishing sectors of the Creative and Software and IT sectors. As well as being home to hundreds of software companies, the creative sector in Derby employs over 7,000 people and was the birth place of the computer game character Lara Croft.
Derby is a thriving business city with a multitude of different businesses operating globally from the city. Rolls-Royce Aerospace, Marine and Nuclear, are headquartered in Derby. Toyota Manufacturing UK and train manufacturer Bombardier also operate in the city.
Derby is also home to hundreds of specialist sector companies such as railway software company Tracsis and composite manufacturer for F1 cars, epm:technology.
Derby’s retail sector has boomed in the past few years as the city’s retail spend surpassed £700m for the first time. This has added to the retail transformation of the city as more premium retailers have opened and employed in Derby.
The mix of key employers with specialist companies has produced a multi-skilled workforce in Derby that is contributing to Derby’s ever strengthening and balanced economy.
Quality of Life
Derby is a great place to live with, high value living, excellent state and private school systems, plus, the gateway to the Peak District. Derby also has a new £334 million Royal Hospital.
Housing in Derby is incredibly affordable compared to the East Midlands and the UK average. According to the Land Registry in July 2011, average house prices in Derby were £111,500, over £60,000 less than the UK average.
Derby has some of the best educational institutions in the UK, including Derby College who are one of the UK’s top five Further Education Institutions, and the University of Derby which attracts over 35,000 students every year to the city.
There is also a range of highly regarded independent schools within the city such as Derby Grammar, Repton School, Ockbrook School and Derby High School.