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Cathedral Quarter Enterprise Centre To create more than 2400sq m of “incubation” space to encourage, nurture and develop start-up businesses in the city, Derby City Council is planning a £2.8 million Cathedral Quarter Enterprise Centre. Planned for Bold Lane, it would be linked to three other buildings – the upgraded Kings Chambers, Shot Tower and Friar Gate Studios – under a project called Connect, to provide space in the city for small and medium businesses. The refurbishment plans are in line for a £1.5 million boost, from the European Regional Development Fund (ERDF) and Derby City Council’s own regeneration fund. Enabled with funding from the ERDF, the enterprise centre will provide space for small businesses and incubation units, on land that was formerly home to Princes supermarket. It would form the core of one of three areas the city council hopes will be designated as enterprise zones by the government, providing business rate relief to companies and simplified planning procedures to help encourage investment. The council believes a Derby Enterprise Zone would support the creation of 12,300 jobs as well as helping to establish some 500 to 700 businesses, by creating three ‘clusters’ covering global technology, environment and city centre commerce in locations around Derby.