Derby City Council is stumping up hundreds of thousands of pounds to help support the regeneration of the area around the city railway station.
The council cabinet has approved plans to loan £500,000 to government-owned property and regeneration company London and Continental Railways (LCR), so that it can buy Midland House, which is near the station.
The council hopes the acquisition could spark significant regeneration of the Railway Conservation Area – and create a more attractive gateway into the city centre.
