The long-awaited transformation of the Broad Marsh site in Nottingham could take a major step forward as demolition plans for the former shopping centre gain support from local authorities and investment committees.
With £3.39 million requested from the East Midlands Combined County Authority (EMCCA) Investment Fund towards the £29.3 million total project cost, the initiative aims to clear space for an ambitious urban quarter that promises housing, employment, and regeneration benefits for the city centre.
The new masterplan envisions a dense yet green urban space, balancing high-quality, low-carbon development with biodiversity and sustainability. Key features of the project include:
- The creation of a lively urban quarter with over 2,000 jobs.
- Nearly 1,000 new homes.
- 20,000m² of employment space.
- A vibrant mix of commercial and leisure facilities, contributing to Nottingham’s economic and social growth.
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The next phase of development hinges on the removal of remaining structures, particularly the southern and eastern portions of the former Broad Marsh shopping centre frame. By securing funding for demolition, the city aims to ‘de-risk’ the site, making it more attractive to private sector investors who have shown strong interest in the project.
However, delays in securing funds would mean ongoing holding costs for the site, increasing financial strain and pushing back market engagement. Early demolition is seen as a critical step to unlock further investment and keep the project on track.
The EMCCA Investment Fund has been identified as a key source of financial support for this stage of the project. The Investment Committee has recommended that the EMCCA Board delegate final approval to Nottingham’s Mayor, alongside key statutory officers, once the financial business case is finalised. Business cases that are not approved will be addressed at the next committee meeting, with explanations provided for rejections.
Beyond demolition, the project promises significant benefits for Nottingham’s economy and residents say the council. The investment is expected to generate major construction activity, providing employment and skills development opportunities throughout the supply chain.
If approved, demolition works are scheduled to begin in July 2025, with completion by July 2026. This timeline will pave the way for subsequent construction phases, in line with Nottingham’s broader strategic framework for urban renewal.
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