Fears banks’ moving plans will ‘overbalance’ Great Yarmouth

15:13 02 November 2012

Lloyds bank next door to the clothing store Burton and Evans in Great Yarmouth

Picture: James Bass

Lloyds bank next door to the clothing store Burton and Evans in Great Yarmouth Picture: James Bass

Archant Norfolk Photographic © 2012

Bids by two high street banks to move into a pair of prime retail sites in Great Yarmouth have been met with strong opposition amid claims the takeover plans would “totally overbalance” the town.

What the banks say

Lloyds TSB has said it will not “undermine” Great Yarmouth’s retail function by moving into Burtons.

Planning documents submitted to the council reveal the bank wants to merge its branches at Market Place and Hall Quay into one building that will provide “one large, much improved” accessible facility for all its customers.

The documents describe the Market Place branch, which serves around 15,000 customers, as “especially constrained” and say it would not be able to take on the additional 5,000 customers from Hall Quay.

But the bank says the move into Burtons will not create a dominance of non-retail units in the Market Place and shops such as Boots, Palmers and M&S will continue to take precedence in the area.

The document also adds that by moving Lloyds will add to the “vitality and viability” of the Market Place and “complement” the existing businesses.

Barclays has said it is also keen to amalgamate its two existing branches - in Hall Quay and Trafalgar Road - and create a “flagship” store on the ground floor of the M&Co premises.

Planning documents state that both Barclays existing branches are considered “off pitch” and out of the town’s “retail core” but stress the move to M&Co would not detract from retailers on the Market Place.

The document says the flagship branch would “contribute towards town centre vitality and viability by attracting a high level of pedestrian footfall to the site and immediate area, increasing activity throughout the day and evening... while supporting it’s retail function”.

It also states the introduction of a bank to the M&Co premises will not “adversely affect the balance of uses in the wider surrounding area”.

Traders in the Market Place have expressed grave concerns over the proposals from Lloyds TSB and Barclays, which want to move into Burtons and M&Co respectively, and feel the large units should be left as retail space.

Both premises have been described as “critical” to the Market Place along with the wider town centre and fears have now been raised that if the banks are allowed to move in, they will be lost “forever”.

Bruce Sturrock, chairman of Palmers department store and the town centre partnership, said: “A town centre needs some of the big names in order to attract people in in the first place, and those major retailers are looking for particularly sized sites in the prime retail area.

“Those (two units) are ideal for those sorts of people and we definitely don’t want those turned into more sterile financial institutions.

“We’ve already got a lot of banks in the town centre, that isn’t bad but they should not dominate.

“These two would totally overbalance the proportion of financial institutions against retail outlets.”

He added: “If they are turned over to a bank, because they’re solid institutions, it’s unlikely that in the foreseeable future they’ll ever be anything else. They’ll be lost.”

Several banks have already migrated from Hall Quay to the town centre or moved into the Market Place, including HSBC, Natwest and Nationwide.

Mr Sturrock said the Lloyds’ and Barclays’ takeover plans had sparked “more than a concern” among fellow traders and felt Great Yarmouth Borough Council - which will make a final decision about the proposals - needed to stand up for town centre retailers.

And he thought a strong stance was especially needed as the Market Place faced even further competition from large out of town stores at Gapton Hall.

“It’s pretty important that the planners do everything they can to protect the town centre from now on,” he added. “I think it’s a fairly critical (decision) and it really is going to test the council’s resolve.”

Jim Shrimplin, who sits on the council’s development control committee, said he could not speak for or against the plans until he had the evidence for both presented to him, but thought the applications would be “emotive”.

“Obviously traders in the town are going to have a lot of views on it,” he added. “If things like this do go ahead, all the finance businesses moving into the town centre, what’s going to happen to those wonderful buildings along the quay?”

Mr Sturrock is now urging fellow businesses to record their opposition to the plans by sending their comments to the council, before Tuesday, November 6.

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  • Was is it not Mr Sturrock pictured in the Mercury a few years ago sitting in front of the giant tv screen telling us how marvellous his baby would be for the town, what a financial disaster that was.

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    Friday, November 2, 2012

  • Love them or loathe them, we need to use banks. If the banks want to relocate to the town centre, better for the existing centre shops than moving onto out of town retail parks which could be possible, I agree with newsgirl about footfall from bank customer popping into other shops or using stall's on the market. Is it not possible to build quality apartments along where the banks were alongside the quay. It's pointless waiting for the economy to pick up out of recession to help retail on the high street again, it's not going to happen with the internet shopping boom.

    Report this comment


    Friday, November 2, 2012

  • Seeing as Sturruck seems to be in the know, perhaps he would like to tell us who will be moving into these empty shops and into the old Co-op shop ?

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    Friday, November 2, 2012

  • Surely banks moving into the town centre will cause footfall from people that normally go to the Quay. As a HSBC customer I now have to go into the town to bank and find myself going to M&S, Palmers & other stores whereas if HSBC was still on they Quay I wouldn't. They may be big units but the Co-Op is still empty!!!

    Report this comment


    Friday, November 2, 2012

  • Sadly over the years i have seen so many high street been taken over by banks, estate agents and take away food outlets. As big supermarkets open more and more store the smaller retailers have little chance of competing so end up closing. This allows the high street to fill with the only things supermarkets dont have, at the moment, and thats all of the above. With this in mind why oh why do the councils allow for more of these big stores to open like the one planed for Gorleston. These big wigs are the ones that will finally close high street which will then bring the trade from tourist to an end to. I wonder who will profit from all this though, ah council leaders.

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    Friday, November 2, 2012

  • How can around five of the major banks in the town cause an over balance . There is well over a hundred retail stores in the town centre. Face fact that there is no going back the high street of old. There is recent proposal of the expansion on Beacon Park with the new Sainsbury's to include more out of town retailers.

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    Friday, November 2, 2012

  • next one in Market?? Barclays??

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    Caister Boatyard

    Friday, November 2, 2012

  • Unbalance the town? The only thing unbalanced about Gt Yarmouth are the council decisions over decades which has led to the decline of this once bustling seaside resort. And as previously commented where are the retailers rushing to fill the void. The old Co op building is still empty after a number of years.

    Report this comment

    norman hall

    Monday, November 5, 2012

The views expressed in the above comments do not necessarily reflect the views of this site

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