Market stalls living in fear £17.9m boost will kill 30 years of businesses

Bacup Market will be redeveloped as part of a £17.9 million funded project from the Government, but traders fear they will be hit with increased rent and that there will not be enough available units for them. The plans include a new market hall, which will include a permanent food area, as well as spaces for traditional market traders, according to Rossendale Borough Council.

Jayde also says some traders have already vowed to retire from the market because they won’t be able to commit to a five-day working week and that some traders have other jobs that they fit around on market days in order to keep up with their home bills. “We will also work hard with the public to encourage them to support our local traders during this time. Future management arrangements, with regard to rent prices and any associated terms and conditions haven’t yet been decided.Jayde said she believes any investment is good for the town and any improvements made are positive.

Chair of the 2040 vision board, Simon Daley, said: “The proposal is a fantastic opportunity for Bacup and the redevelopment will be a new economic engine for the town. It holds the potential to improve the local economy and I am excited by the opportunity. Jayde says that although traders have been told they can use outside space if they don’t use the building, some traders cannot set up their stalls outside due to regulations around food.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Full list of stalls at Preston International Market on Flag MarketEnjoying some food at the city's international market Pic: Visit Preston An international food, drinks and crafts market is in full force at Preston's histo
Source: blogpreston - 🏆 82. / 55 Read more »

Is the $12tn private market the ‘next shoe to drop’?\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »

Inside £1.75m mansion with its own 70 acre estate still on the marketThe Georgian villa is breathtakingly beautiful and is in a peaceful rural location with magnificent open aspects over the surrounding formal gardens, wildlife pond and paddocks.
Source: Glasgow_Live - 🏆 4. / 97 Read more »

See inside impressive Co Down home new to the marketIt has a recently constructed garden room with sliding glazed doors and wood burning stove perfect for entertaining all year round
Source: BelfastLive - 🏆 16. / 77 Read more »

Traders thousands out of pocket as fate of Victoria Market unknownThe plan was first made public 18 months ago Used to love shopping there, everything under one roof! Not been there for years, so when I went last weekend I saw this. Very sad 😥
Source: nottslive - 🏆 96. / 52 Read more »

Victoria Market: Traders left 'thousands of pounds out of pocket'Nottingham Council says it has been running the market at a loss since 2014. Plenty of smaller empty spaces that the council could lease and place these 30 traders in. Rather than leasing a space that holds 200 traders and is three quarters closed… What’s being done with the old Debenhams? Split it and use a floor for the market, by the… market square?
Source: bbcemt - 🏆 120. / 51 Read more »