£280,000 investment to aid Ashfield businesses

January 10, 2017 1:29 pm

 

External image of Ada Lovelace House

 

Entrepreneurs and businesses will soon benefit from new, high quality office space – thanks to a £280,000 investment by Ashfield District Council and the D2N2 Local Enterprise Partnership.

Ada Lovelace House on Urban Road, Kirkby-in-Ashfield was originally named for Lord Byron’s daughter Ada Lovelace who died in 1852.  Ada was a gifted mathematician.  Not only that, but she also collaborated with inventor Charles Babbage on designs for the first general-purpose computer: the Analytical Engine.  This building’s redevelopment will create 1,658 sq ft of space for start-up businesses, and small and medium-sized enterprises (SMEs).  Moreover, it is intended to attract those in the creative and digital industries.

Funding

The project will cost £280,000 in total.  Half coming from the D2N2 Local Enterprise Partnership (LEP) and half from the Council.

D2N2 is the LEP for Nottinghamshire and Derbyshire. It works with businesses, local authorities, skills and training providers, and community and voluntary organisations.  Basically, its mission is to boost the economy, improve business infrastructure and create jobs. In order to help achieve this, it has an allocation of £192million in Local Growth Fund monies from central Government.  These funds are invested in infrastructure to aid economic growth (for example roads, and skills and training facilities). D2N2 money for the Ada Lovelace House redevelopment was agreed by the D2N2 Infrastructure and Investment Board.

Transformation

Ada Lovelace House will be transformed into seven high-quality office spaces, with shared communal space and open-plan meeting areas. Ashfield District Council will link with Nottingham Trent University in order to attract and support creative and digital businesses and new graduate start-ups to the site. Plans for the works have been approved and the refurbishment could be completed as early as spring 2017.

David Ralph, the D2N2 LEP‘s Chief Executive, said: “It’s important all parts of Derbyshire and Nottinghamshire are recognised for the economic contribution they make. There is a clear appetite for small business space in Ashfield.  And the Ada Lovelace House redevelopment will be a means to help meet that need.”

Councillor Don Davis, Portfolio Holder for Regeneration at Ashfield District Council, added: “The redevelopment of Ada Lovelace House represents a fantastic addition to Kirkby town centre.  And to the Ashfield District as a whole. This project’s resultant high-quality office space will greatly help to encourage new business to locate right in the heart of the town.  Not only will this create jobs but it will also boost the economy for the people of Kirkby and Ashfield.”

Further information

Find more information on what the D2N2 LEP’s Local Growth Fund allocation is funding.

Find out more about the work of the D2N2 Infrastructure and Investment Board.

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