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Huge historic market set to suddenly close after 54 years as ‘disgusted’ traders are forced to leave in just WEEKS
A HUGE historic market is on the brink of a shocking closure after operating for 54 years.
Traders slammed the local council after they were allegedly treated in a “disgusting” way – and are now seeking legal action.
The Victoria Centre Market in Nottingham is set to close – and traders are set to be out by March 31.
It has been operating from its current site since 1971, and is one of the major places to shop in the city.
Nottingham city council announced the Victoria Centre market will shut down its business after falling customer numbers and increasing costs made it difficult to survive.
In 2022, the authority said it intended to exit the current lease due to increasing costs and subsidies required to operate it into the future.
Stallholders were left waiting for a confirmation over the past year.
Following the closure announcement, the council confirmed that existing traders and stall owners could stay until next summer, but no new shops would be allowed to open.
However, traders allege that the council has not helped them to find new premises to set up their shops.
John Easom, who has run the Gold Bank Jewellers in the market for nine years, said: “They originally said they were going to help traders find new premises, but there’s been none of that.
“I think the way the traders are being treated is just disgusting. I’ve heard that at the end of February, they went round and said everyone will be out by March 31st.
“They’ve put eviction notices on some traders and I’ve heard some of them are taking legal action.”
The council has previously confirmed that eviction notices have been served against some traders due to rent arrears, Nottinghamshire Live reports.
A spokesperson for the Nottingham City Council previously said: “We have recently confirmed our plans to close the market and have served notice on traders with significant rent arrears.
“Unfortunately, several stallholders have breached their legal agreements by failing to pay rent, collectively owing the council over £400,000.
“Any trader with more than three months of unpaid rent will be formally notified to vacate the market. With the council facing substantial financial challenges, it’s crucial that we address these outstanding rent issues.
“Additionally, we will be terminating legal agreements with traders who have applicable break clauses to cease their occupancy at the market.”
A The Victoria Centre spokesperson said: “The market is run and operated by Nottingham City Council and they have been – and remain – fully responsible for all decisions regarding its future.”
What is happening to the hospitality industry?
By Laura McGuire, consumer reporter
MANY Food and drink chains have been struggling in recently as the cost of living has led to fewer people spending on eating out.
Businesses had been struggling to bounce back after the pandemic, only to be hit with soaring energy bills and inflation.
Multiple chains have been affected, resulting in big-name brands like Wetherspoons and Frankie & Benny’s closing branches.
Some chains have not survived, Byron Burger fell into administration last year, with owners saying it would result in the loss of over 200 jobs.
Pizza giant, Papa Johns is shutting down 43 of its stores soon.
Tasty, the owner of Wildwood, said it will shut sites as part of major restructuring plans.