The regeneration of Nottingham city centre has taken a significant step forward following an agreement for Homes England to acquire the Broad Marsh site from Nottingham City Council.

As the Government's housing and regeneration agency, Homes England will take ownership of the former shopping centre, land west of the Green Heart, a multi-storey car park, Severns House, and a former college site.

The next stage of development will focus on preparing the site for private sector investment, including demolition and enabling works to attract developers with the expertise to deliver a landmark city centre regeneration project.

The plan for the Broad Marsh site includes:

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• Around 1,000 new homes

• Up to 20,000 square metres of retail, office, and community space

• Approximately 2,000 full-time jobs created

Eamonn Boylan, Chief Executive of Homes England, said: "The acquisition of Broad Marsh is a major milestone in the city council's vision of regeneration for this area of Nottingham.

"We have worked closely with the council since 2022 to provide professional advice and support. Now that we have acquired the site, our teams will be working with partners to attract the right developer to deliver the new homes, employment spaces, and leisure facilities necessary to create a vibrant city centre neighbourhood that the people of Nottingham can be proud of."

Broad Marsh has been Nottingham's top priority regeneration project, with major progress already made by Nottingham City Council (NCC). Recent achievements include:

• The establishment of a new Nottingham College hub

• The opening of the Central Library

• Completion of the Broad Marsh bus station and car park

• The transformation of Green Heart public realm

The project will also benefit from investment by the East Midlands Combined County Authority (EMCCA), reinforcing Broad Marsh’s strategic significance and showcasing the collaboration between local and national organisations to drive complex regeneration projects.