This is Hazelwood Spring, south west of Belper.

The sign at the side reads :

This spout was erected to commemorate Queen Victoria's Diamond Jubilee in 1897. It is fed from a spring which has never been known to fail.

Until 1952 it was the main water supply for local people who collected the water in buckets suspended from a yoke. Water could also be discharged straight into a churn or a cart. This was done by blocking up the main spout and diverting the water into the upper pipe.

What always fascinates me is the length of time the spring has been there. Potentially it is thousands of years. A running supply of water for all that time .... quite amazing.