Friday 12 July 2024
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Nottingham

Victoria Centre Market closure confirmed as it is ‘no longer sustainable’

Nottingham City Council Leader Cllr Neghat Khan met with traders today.

The update from the leader states:

‘Cllr Neghat Khan, Leader and Executive Member for Strategic Regeneration, Transport and Communications has announced today an update on Victoria Market.

‘Our intention is to close Victoria Market. We met with traders on the 20th June, today, to explain that the council cannot justify continuing to spend tax payer’s money to heavily subsidise the market, and the ongoing costs of maintenance means that the market is no longer sustainable for the Council to continue to operate it.

‘We will work with traders individually over the next few weeks to agree a closure date and outline our approach and timescales towards closure. We will also work with asset managers, Global Mutual, to consider the long-term future of the vacant space.’

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The decision to close the market and what compensation if any has been ongoing since 2022 when the council announced a review of the facility.

•  Victoria Centre Market traders still unclear on their future

 

 

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