New Scunthorpe Market project could cost more than £5 million
The proposed new site for Scunthorpe Market at the former BHS store in the Parishes shopping centre and (inset) the existing market building
By Scunthorpe Telegraph | Posted: 16 May 2018
Creating the new Scunthorpe Market is set to cost more than £5 million, council bosses have revealed.
The market is set to move from its current site to the former BHS building in the Parishes shopping centre after North Lincolnshire Council announced the store to be its preferred site .
The council has since agreed to purchase the former BHS building and has revealed the fee to be £0.95 million.
Council leader Rob Waltham has now said estimates suggest it could cost another £3 million to renovate the building, while further costs associated with moving the market and demolishing the existing market building would bring the total cost to £5.2 million.
But Mr Waltham said it would have cost a total of £5.9 million to refurbish and modernise the existing market site.
The proposed relocation of Scunthorpe Market
The council is hoping to have the new site ready to open by around February next year.
Mr Waltham said: "The cost to do the old building would have been £5.9 million, so the alternative was £5.9 million to do it up, to decant it for eight to 10 months and then, there was a lot of other work to be done.
"To do the new building is a lot of money but what we are also doing is bringing a brand new market to a building that is right next to the bus station, linked to a multi-storey car park and it is going to be a significant part of how we regenerate the town centre."
Mr Waltham said the decision to buy the building had been ratified at a meeting held on Monday.
And he said he hoped some of the costs of converting it to become a market could be met with funding from the Greater Lincolnshire Local Enterprise Partnership.
He said: "It is £0.95 million to buy the building and £3 million to refurbish it.
"We are hoping to attract some money from the Lincolnshire LEP to fund it, although I can't say what that is because when we put the tender out, then people will come back and say what the costs are going to be.
"We have secured £4 million from the LEP for Scunthorpe but it is what of that we can spend on the market project."
The former BHS unit has been identified by North Lincolnshire Council as its preferred site for the relocation of Scunthorpe Market (Image: David Haber)
Mr Waltham said discussions were continuing with traders over the move to the new market, saying the move would not be made before the new year so the pre-Christmas trading period could continue at the current site.
He said part of the process would include designing the new market to best meet the needs of traders.
He said: "We have done some fairly extensive work around redesigning it as a shopping experience and of course, there are going to be some alterations required to create preparation areas and making the hygiene elements right."
And he said the council would look for the costs of running the new market to be covered.
He said: "It will run on a business footing and the council will be looking to recover the costs.
"We are hoping we will have between 60 and 70 independent businesses, all functioning, employing people and improving the shopping experience."
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