Councillors backed the scheme, which is adjacent to the stadium and is designed to be the focal point of the Pride Park area.
The Plaza @ Pride Park development shall see land on the South West and North East corners of the stadium converted to a mixture of restaurants, cafes, bars and convenience stores. Over 2000sqm of office space and a new public space also form part of the granted plan. The Plaza @ Pride Park has also been designed to work in tandem with plans submitted by the council for its 'Multi Sports Arena'.
Commenting on the decision, Derby County Chief Executive Tom Glick said: "This is excellent news and we are delighted that the Council have fully backed proposals which will bring long term benefits to Pride Park, the City and also to our Club.
"As I have said previously, the revenues this scheme will hopefully generate can only help to make Derby County more competitive on the pitch in seasons to come.
"I would like to thank everybody at the Council who has supported our application.
"With the planning consent now granted, we can move forward into the next stage of the process, which will begin by engaging with prospective development partners. After this we will need to go to the marketplace to secure the commitment of potential end tenants before construction can begin."
Find out more about the The Plaza @ Pride Park development proposals, which were revealed in October, by clicking here.