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Marketing the market: North East Lincolnshire’s incentive offer

A NEW scheme to attract new traders to Grimsby’s Top Town Market is being unveiled. 

Marketing the market: North East Lincolnshire’s incentive offer

North East Lincolnshire Council, working in partnership with Engie, has pulled together an incentive package to support those who may be taking a first step into retail. 

While high street giant Marks and Spencer began life as a stall, many food brands are also put through their paces in such a location.

Now maiden market traders can enjoy extra benefits, other than a softer entrance to the world of sales than a long-term lease on a shop.

The deal offers 100 per cent reduced rent for 12 weeks on new stalls selling new lines (six weeks for existing lines) then a further 50 per cent reduced rent for 12 weeks on all vacant stalls that have been vacant for six weeks or more. Normal rent rates will be in place after this time.

Councillor Peter Wheatley, portfolio holder for regeneration, assets, skills and housing, said: “Top Town Market is a great resource for local people and businesses alike.

“The market recently celebrated its 40th anniversary, and we’re looking forward to what the next 40 years will bring.

“The market is an ideal place to get your business off to a flying start.”

Incentives for existing traders and all traders who have traded for three years or more are also available, though all have qualifying conditions.

It comes as an event space is also created in an area of voids. It will be used for various activities including pop-up markets such as teenage, vintage and craft markets, as well as workshops and different health and wellbeing activities. 

Customer feedback has also led to a seating area being installed there. 

In North Lincolnshire, Ashby Market is on the move, with plans afoot for Scunthorpe too. The £800,000 works are underway to take the former to Ashby Broadway, while the former Woolworths and BHS store in the town centre is understood to be the desired location for the latter. Together they would represent a £5 million investment.

For more information on the incentive scheme, or market trading, contact the Market Office on market.hall@nelincs.gov.uk or 01472 325836.

News Courtesy: www.humberbusiness.com

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