£2m funding bid to transform Great Yarmouth’s former Co-op building falls through

The former Co-op department store in Great Yarmouth town centre. The building has stood empty for so

The former Co-op department store in Great Yarmouth town centre. The building has stood empty for some time.June 2013.Picture: James Bass - Credit: James Bass

Grand plans to transform Great Yarmouth's old Co-op building into an indoor market for 'pop up' traders have stalled after funding fell through.

Great Yarmouth Borough Council (GYBC) said it is seeking other funding sources for the project to bring the town's largest empty shop back into use after its £2m funding bid was unsuccessful.

The privately-owned former Co-op store in Market Place has been empty since 2010.

GYBC has this afternoon (Thursday) revealed it would not be getting a share of the Big Lottery Fund/Government's £27.8m Coastal Communities Fund in 2013/14.

Council leader Trevor Wainwright, said: 'It is unfortunate because it was a strong bid and ticked all the boxes, but numbers were stacked against us.


You may also want to watch:


'However, the council remains committed to bringing this building back into use as soon as possible and will continue to work with the Co-op and other partners to identify alternative funding sources.'

Under the £3.5m project, the council hoped to buy the building and refurbish and convert it into 'pop up' trading units, where retail start-up businesses could rent space.

Most Read

If the Coastal Communities bid had been successful, the council planned to contribute another £500,000 from funds and borrow the remaining £1m. The council is not able to commit the full £3.5m outright.

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus