In the Derbyshire county there lies a small town name Shirebrook. The town is renowned for its technical background which dates back to the roman era. Over the past several years the city becomes a major industrial & agricultural center. In the year 1896 Colliery Corporation began exploring coal in the town. Since the opening of the colliery corporation, the population of the city started increasing. Due to the rise in population, the city faced several issues like housing and sanitation issues. The life of the people who work in colliery is improved when the Mining Industry Ac, and the Sankey Commission was established in 1920.

Shirebrook’s dependence on Colliery

            The people of Shirebrook depend heavily on Colliery because it not only provided employment opportunity to the locals but also a provided social framework to the town. There were other industries in the village as well, but as compare to colliery they were quite small in scale. Colliery employed 2000 people. Due to the presence of colliery in the town the town was flourishing and exporting coals to different parts of Europe. To the city, the company has enormous significance (Economist & Kourdi, 2015).

Closure of Colliery & Aftermath of Shirebrook

                The Colliery closed in the year 1992 which have a massive effect not only on the town but also on the people who were employed by it. At the time of closure, more than 1000 people were working there. It was Colliery who has provided the social structure to the town and developed the village to its current state. Due to the closure, the town started to experience a massive economic decline. In the year 1996 colliery was handed over to English Partnerships. It can be said that the people of Shire brook town were unemployed and experiencing issues after the closure of the company (Lehmann, 2016).

Shirebrook Regeneration Project

            As significant part of the town was dependent on colliery the local district council and Bolsover district council joined hand to create a small business park in the city so that people can be employed in the park. The project have massive significance for the village because without such plan the people of the town will remain unemployed. The people of the town were desperate for new opportunities in town and this project’s aim was to provide new employment opportunities. Not only the project is going to provide employment to the people but will attract more investment in the area. The rationale behind the Project

            The project includes the establishment of 38 hectare Business Park in the town along with 1250 new houses. The project aims to provide approximately 2000 jobs to the people. The initial funding for the project was 24 million. The initial funding of the project was approved in 2001. The major reason behind this project is to regenerate the Shirebrook town who was facing decline after colliery closure. This project has the potential to attract huge amount of investment in the town which will not only make the town economically strong but also the standard of living of the people will increase (Hornstein, 2015).

        The new development in the town is more sustainable and have the ability to attract further investment in future. In the year 2010 the business park was occupied up to lot of extent despite economic decline of the world. The project started in 1896. The sports direct planned to open the head quarter in the park which will further provide 2500 job opportunities to the people. After the completion of the business park the economic viability of the town has increased up to lot of extent and in near future there is a possibility that the town will experience further economic growth in future. The project ended in 1992.

References of Background of Shirebrook Project

Economist, T. & Kourdi, J., 2015. Business Strategy: A guide to effective decision-making. s.l.:PublicAffairs.

Hornstein, H. A., 2015. The integration of project management and organizational change management is now a necessity. Volume 33, p. 291–298.

Lehmann, O. F., 2016. Situational Project Management: The Dynamics of Success and Failure. s.l.:CRC Press.