Traders at Leeds Kirkgate Market will have rents cut by 20 per cent for at least the next six months while major refurbishment work at the market continues.
Leeds City Council has said it will continue the rent reduction scheme – which was due to expire this month for indoor traders and in December for those outdoors – until at least the end of March 2016.
The £13.7m market refurbishment has been underway for the past six months. The council says it has worked to minimise disruption to trade, but has agreed to extend the existing reduced rents to offset current trading conditions.
Coun Gerry Harper, the council’s markets champion, said: “We realise that during our substantial refurbishment programme of Leeds Kirkgate Market there will continue to be some disruption to both businesses and customers, which is why we have taken the decision to extend the 20 per cent reduction in base rents for traders.”
“This will mean that regular traders at Kirkgate indoor and outdoor markets will continue to benefit from this financial support whilst works continue, which is a signal of our continued commitment to supporting businesses at Kirkgate Market during this exciting time of change.”
The team leading the refurbishment work has won the Market Team of The Year award at the National Association of British Market Authorities’ (NABMA) annual conference. Graham Wilson OBE, NABMA chief executive, said: “Faced with a major redevelopment project the market team have worked hard to ensure that changes take place as smoothly as possible. It is also clear that they have been willing to go ‘the extra mile’ to help traders and market management. Such commitment to delivering excellent support services deserves recognition.”