Please Note: tastecard discount will only be available at lunch times during December. Waterfall is situated opposite Derby Train Station in the magnificent Midland Railway Institute Building. Built as a cultural & educational centre for rail workers in 1892, Waterfall has over the last 15 years become the ultimate party venue. For your event there is a choice of two great function rooms,the fantastic Executive Bar, an American pool lounge or our Bar & Cafe. Whatever you are celebrating you can be assured that all at Waterfall will help you celebrate in style.