Boost for Buxton economy as final piece in place for Buxton Crescent Development
Originally published by East Midlands Liberal Democrats
Final £2 million needed for the conversion of the Grade I listed Crescent into a 79 bedroom 5 star spa hotel confirmed
High Peak Liberal Democrat PPC Stephen Worrall has welcomed the announcement from the D2N2 Local Enterprise Partnership (LEP) that the £22.2 million expansion to its Growth Deal, agreed with the Government, includes the final piece of funding necessary to allow the go ahead of the long delayed Buxton Crescent development.
The D2N2 LEP, which overs Derbyshire, Derby, Nottinghamshire and Nottingham, has now had £196.2 million invested in it by the Government as part of the Growth Deal funding projects all across the two counties.
Stephen commented "It is great to see that the Liberal Democrat commitment to Growth Deals in government is enabling local communities to have more power over how funding to boost their local economies is spent. "
The £2 million will finally allow for the Grade I listed buildings to be brought back into use as a hotel and spa development, boosting the visitor economy and delivering a projected 140 direct jobs.
Stephen added "I am excited to see how the development progresses and I look forward to seeing the finished article and hopefully staying there myself one day in the future!"