Market Rasen’s Tuesday market is set for a boost as the town council looks to create a special company to help run the markets better.
Councillors agreed to the move after consultants warned the number of traders nationally is declining, but the number of market days remains the same.
Town Mayor John Matthews says the plan to create a Community Interest Company, or something similar, involving the town council, MR BIG and other stakeholders would help secure a better future for the market.
The town has enjoyed success with the monthly MR BIG markets, plus a pop up market, with them “well-attended by the public and traders, and well organised and promoted.”
Two years ago, when the Portas bid was won, there was also a target to “put the market back into Market Rasen.”
At present, the town council leases the Market Place from a private owner, but the mayor believes it could be run better, noting MR BIG’s “strong marketing skills.” “It’s in the best interests of the town for the market to flourish,” he said.
Market Rasen Town Council last week agreed to press forward in creating a company which would have complete control over the market, including financial management, and would run and manage it as a business.
There is still much work to do, but the aim is to have the new company in charge early next year, the Mayor said.
Sara Scott, of MR BIG, says the new organisations aims to “make the most of Market Rasen’s markets.
“We will continue with the MR BIG markets. We would look to see how we could develop the Tuesday market. Given some serious attention and proper focus, we could make it more valuable to local shoppers.”
and bring in people from further afield,” she said.