£2m funding boost could unlock scheme to create 1, 500 jobs near Sheffield

Coalite plant.

Coalite plant.

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Plans to build houses and create 1, 500 jobs at the former Coalite coking works site have taken a major step forward after Derbyshire County Council approved £2 million to help plug a funding gap.

The 140 acre site - which lies partly in North East Derbyshire and partly in Bolsover – has remained derelict since Coalite closed more than 12 years ago.

Bolsover Land Limited acquired the site in 2012 and was granted outline planning permission for employment use to create up to 1, 500 jobs. Consent was also given for 660 houses, a potential new school and community facilities.

However, funding is needed to help kick-start the site’s long-awaited regeneration and the work could now come to fruition as members of the council’s cabinet agreed a £2 million funding package for the site at a meeting on October 11. The authority has also applied for a further £5.8m for the project from the D2N2 Local Enterprise Partnership – a private sector-led partnership promoting economic growth in the region. D2N2 is due to consider the application at a meeting to be held later this year.

Council leader Anne Western said the authority was working with partners to “drive this project forward.”