The region is set for a 1,300 jobs boost thanks to a £400 million tourism development which will be announced by the Prime Minister during his tour of America this week.
An investment to create a new £400m integrated all-weather, year round leisure, health, sport and education destination on the edge of the 550 square miles Peak District National Park.
Peak Resorts will bring together leading hospitality, university, sport and medical expertise and offers 600 holiday apartments, hotel and hostel units with 250 woodland lodges.
It will create over 1,300 full time equivalent jobs when it opens and many more in the construction phase over the next three and half years.
The investment is a partnership between a UK development company and US firm Grand Heritage Hotel Group.
Welcoming the deal, Prime Minister David Cameron: “This partnership between US investor Grand Heritage Hotel Group and a UK development company will deliver a phenomenal boost to the leisure industry in the Peak District.
“This £400m investment will deliver a world-class resort complex creating over 1,300 permanent jobs when it is completed and supporting hundreds of construction jobs as the site is developed.”
The Prime Minister arrives in Washington today for bilateral discussions with President Obama about how the United Kingdom and United States of America can keep working together to advance our economic prosperity and protect our national security.
On arrival in Washington on Thursday afternoon, the Prime Minister will join IMF managing director Christine Lagarde to co-host a roundtable discussion on the global economic outlook for 2015 before travelling to the White House for a working dinner with President Obama focused on economic issues.
Underlining the importance of the economic relationship between both countries, US and UK companies are set to announce trade and investment deals worth more than £1.1 billion creating 1,700 new jobs in the UK.
The US is the UK’s biggest trade partner with exports to the US worth nearly £90bn in 2013 – more than any other country in the EU. The US is the biggest investor in the UK and our trade relationship with the US continues to grow with trade increasing by 5.5 per cent to £140.5bn in 2013.
The Prime Minister added: “With UK exports to the US increasing by over £6 billion in just one year and US companies employing a million people across the UK, our trade relationship remains one of the strongest in the world. The £1.1 billion of deals announced today will deliver concrete benefits for hard-working families, with 1,700 new jobs created around the UK stretching from Bristol to the North Sea. This is a clear vote of confidence in the UK and our long-term economic plan which is helping to safeguard our economy for the future.”