Outside traders at Leeds Kirkgate Market given 20% rent reduction

Outside traders at one of Leeds’ most historic city markets are to receive a 20% rent cut in 2015.

As part of proposals given the go-ahead this month, all traders with a regular licence to trade at Leeds Kirkgate Open Market will be granted the significant reduction in their base rent by Leeds City Council from January 1 2015 until 31 December 2015. This follows a move by the council to approve in September 2014, a 20% decrease in rent to indoor tenants in order to compensate for trading conditions during a substantial £12.3m refurbishment programme at the market which is set to begin early next year.

This assistance will mean that all outdoor traders with a regular licence, and all indoor tenants are now being given extra support with their rents by the council and help ensure that Kirkgate Market continues to be the home for a wide range of independent businesses and services.

For further information, please see: http://democracy.leeds.gov.uk/ieDecisionDetails.aspx?ID=41940

Councillor Richard Lewis, Leeds City Council executive board member with responsibility for transport and the economy said:

"We realise that during our substantial £12.3m refurbishment programme of Leeds Kirkgate Market there may be some disruption to both businesses and customers, which is why we have now taken the decision to offer outside traders a 20% reduction in their base rents.

"This will mean that regular traders at Kirkgate indoor and outdoor markets can now benefit from a cut in their rent from the council, which is a signal of our continued commitment to support businesses at Kirkgate Market during this exciting time of change."

For media enquiries, please contact;

Colin Dickinson, Leeds City Council press office (0113) 39 51578

Email: colin.dickinson@leeds.gov.uk