More than £300 million and over 7,000 jobs – that’s the contribution the Intu Derby shopping centre makes to the city’s economy new research has found.
According to planning consultants Lichfield’s, in 2016 the shopping centre, which earlier this month marked its 10th anniversary, contributed £311 million to the local economy through employment, regional investment and business rates paid.
And the study also found that the centre supported 7,139 jobs last year – representing 4.8% of all jobs in the area.
The research was part of a wider study carried out by Lichfield’s, which aimed to measure the overall contribution Intu-owned shopping centres make to the UK economy.
Adam Tamsett, general manager at Intu Derby, said: “Creating and managing retail and leisure destinations that customers want to visit helps businesses flourish across the country, drives up investment in towns and cities and establishes real local prosperity.
“The jobs they create cater for a wide range of skills and abilities and deliver more entry-level and flexible routes into employment.”
The Intu Derby shopping centre recently celebrated its 10th anniversary
Mr Tamsett said Intu Derby also supports the community. It is involved in Business in the Community’s Business Class programme, which supports students in their final years at school and helps to prepare them for business life and beyond.
Alexander Nicoll, corporate responsibility director at intu, added: “We invest millions in our centres and their local communities every year. This allows us to create long-lasting and positive change by delivering skills, employment and health and wellbeing.”
Something for the shopaholics out there
The Intu Derby shopping centre opened in October 2007. At the time, the centre was owned and operated by Westfield, which ploughed £340 million into the development.
In 2014, the centre was bought by Intu Properties and was re-branded as Intu Derby.
Today, it is home to a range of shops, including leading retailers such as Next, Debenhams, Sainsbury’s and M&S, a multi-screen cinema, a large food area and leisure attractions, including indoor golf and bowling.
Source: Derby Telegraph