Traders on Great Yarmouth Borough Council’s two day market could get big cut in rent

Pitches could soon cost a lot less on Great Yarmouth's two day market. Picture: Nick Butcher

Pitches could soon cost a lot less on Great Yarmouth's two day market. Picture: Nick Butcher - Credit: Nick Butcher

Market traders could get a big cut in their rent if proposals are approved.

A committee decision means rents on the town's two day market could go from being the third highest in the region, to the third lowest.

A report prepared by a Great Yarmouth Borough Council officer recommended rents be cut to £1 per foot – from the £1.73 current rate.

But councillors on the policy and resources committee went one step further by voting for a 50p per foot rate.

It was agreed that the extra rent reduction could be funded for a year before being increased again to £1 and adjusted for inflation.


You may also want to watch:


Permanent traders will get a rent reduction for 12 months to 50p per square foot and casual traders will pay 30pc more.

The full borough council will now vote on the proposals.

Most Read

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