A NEW project to help regenerate and stimulate Matlock's economy has been given the green light.
The Matlock Wayfinder Project comes thanks to a £15,000 grant and will see town businesses working in partnership with councils to set goals for regeneration and growth.
The move comes as some traders have reported a drop in trade and others have
had to close following the arrival of Sainsbury's.
Matlock Market trader Nigel Allwood is this week leaving the stall his family has manned for 76 years after he said business had nose-dived.
But Cllr Steve Flitter, Matlock Town Council's lead member for regeneration, said he hoped the project would bring great improvements.
"This project is a great opportunity to build a true partnership for the future," he added.
"Matlock should never stand still and we have a duty to the younger generation to stimulate business and improve the family and leisure environment."
The Wayfinder Project will see businesses, community representatives and councils working together to create a joint action plan to attract new visitors to Matlock, as well as encouraging residents to make the most of local services.
Within the next three months interpretation panels will be installed at key town locations, Station Approach, Crown Square, Firs Parade, Bank Road and Hall Leys Park highlighting features of interest for visitors.
A third area of work, an annual bench-marking survey measuring economic performance and growth, is also being discussed.
The project, made possible by a £15,000 grant from the Derby and Derbyshire Economic Partnership's progressive towns fund, has been welcomed by Matlock Business Group.
Chairman Richard Short said: "Councils and businesses should be working together.
"Any discourse with the relevant bodies is good as long as it is constructive.
"Everyone is having a difficult time at the moment nationally. Businesses have had their problems over the past 12 months but we're looking forward now."
The initial partnership meeting will take place at the Town Hall, Bank Road, on March 5, from 7-9pm.
For more information or to book a place, contact Catherine Rawas, Matlock Town Council's community development officer, on 07964 053129 or email catheriner@matlock.gov.uk.
n Trader quits after family's 76 years: see page two