There are major plans to dramatically renovate Sneinton Market and the entire area that forms a buffer zone between Sneinton and the Nottingham city centre. This urban regeneration project has been called "Nottingham Eastside" by developers, but the start date has been pushed back numerous times, due to a lack of funding amidst the Great Recession. The Eastside development ties in with Nottingham City Council's ambitions to develop the south eastern part of the city centre into a "Creative Quarter". The area includes the Lace Market, Hockley, Broadmarsh East, the Eastside Island site and BioCity, the project aims at creating growth and jobs. In July 2012, the government contributed £25 million towards a £45 million venture capital fund, mainly targeted at the Creative Quarter.