January 20th 2014
The innovative project will be located at the former Bennetts warehouse, in the Cathedral quarter and will provide everything needed for budding and keen cyclists, including:
- free secure cycle racks
- showers and changing rooms
- repairs service
- cycle and accessories shop
- café and deli
The project has been primarily funded by the Local Sustainable Travel Fund (LSTF) and is one of Connecteds key projects with a financial contribution of £490,000. As Conncted aims to support new and improved local transport services in Derby, and raise awareness of sustainable travel choices this a key oppportunity to improve cycling facilities in the city.
As well as LSTF funding, Park Bikeworks has secured £170,000 from the councils Derby Enterprise Growth Fund (DEGF) the fund is supported by the Government’s Regional Growth Fund. Run by Derby City Council, DEGF aims to support growth and job creation in businesses in the city and surrounding area through a mix of loans and grants.
Derby City Council Leader, Cllr Paul Bayliss who chairs the DEGF panel of industry and financial experts, said:
“Park Bikeworks meets the innovation and job creation objectives of the Derby Enterprise Growth Fund and will contribute greatly to the city council’s Connected programme to support environmentally friendly travel around the city.
It will create ten full time jobs and act as a destination venue for cyclists, encouraging more people to benefit from cycling around the city and reducing city centre commuter traffic.”
Councillor Asaf Afzal, cabinet member for planning, environment and public protection, added:
“Derby is already leading the way on the alternative transport agenda. Park Bikeworks supports our ambition as a council to reduce carbon emissions, generation economic growth and improve physical activity.”
Simon Ingham , Managing Director of Bennetts and who is leading on the project advised: “
Grant support from Derby Enterprise Growth Fund is the final piece in the jigsaw of setting up this innovative community enterprise and we are very excited that this project is now moving forward.”
Applications are still being accepted for the Derby Enterprise Growth Fund and grants of up to £25,000 are available through the Connected grant scheme for local businesses and community groups who need financial help to meet the cost of funding work-based or community-based travel improvements.
Park Bikeworks is scheduled to open in May 2014.