The development of Derby Business School kickstarts the University’s City Masterplan which aims to develop its footprint in the city and improve connectivity across its sites.

The planned 100,000 sq ft business school will include a 233-seat auditorium, a stock market financial trading room and an extended reality suite.

The new building is projected to be the study base for more than 6,000 students by 2030 and will provide a link between local businesses and the wider community.

Andrew Bevan, Interim Director of Estates at the University of Derby, said: “The development of the business school is a catalyst for the regeneration of our city hub site.

“I’m delighted that we have entered into a contract with Kier to deliver this landmark building, which is part of the University’s broader vision to expand its reach and reputation across the UK and globally.”

Dan Doherty, regional director for Kier Construction North & Scotland, said the firm would work with the University, local businesses and supply chain partners to create new jobs and apprenticeship opportunities, 25 work experience placements and two graduate opportunities.

Around 85% of the project spend will be within 40 miles of the development.

Northfields Construction is the groundworks and concrete frame contractor