Decision details

The Cabinet gave consideration to a report of the Leader of the Council which sought approval of new lease agreements for and renewal of the lease model for traders existing and new of Tommyfield Market.

It was reported that Tommyfield Market  was moving into the Shopping Centre and there were plans to redevelop the current market site when it was vacated. The proposals were for existing tenants to relocate into the heart of the Town Centre as requested at previous trader engagement meetings. 

In readiness for this relocation, this report sought approval to review existing tenancy arrangements to provide consistency and to ensure vacant possession could be obtained in a timely manner as soon as the opportunity arose.

Engagement sessions were continuing with tenants to help clarify their relocation requirements and to help map out their business plans. 

In addition, this report sought approvals to respond to market traders ask for financial assistance as they continued to report that the current trading situation was difficult. 

This was due to a slow recovery from the Covid pandemic, and the challenges associated with the current market site: traders haD asked for assistance to aid their sustainability during these currently challenging times and, ensure market continuation ahead of moving across to the new market site.

Options/alternatives considered

The options considered were mapped out in the report at Item 15 of the agenda. The options considered aid the future vacation of the Market site for its redevelopment and would help tenants in their ability to plan for the future.

RESOLVED – That the Cabinet would consider the commercially sensitive information at Item 15 of the agenda before making a decision.