Council keeping Coventry Market rents 'low' amid growing anger over City Centre South
Coventry City Council will be keeping Coventry Market fees 'low' as angry traders protested about a £450m regeneration project. Stallholders have shared their fury over the hoardings erected for City Centre South.
Boards have been placed around Coventry Market as the major scheme, which is being led by the Hill Group, gets underway, as reported by CoventryLive. However, there has been growing angst that they have blocked off the Grade II-listed building.
Traders said the hoardings had 'killed' their businesses, with Terry Payne, who runs Designer Rugs, saying his profits had halved. But Coventry City Council responded by saying they are 'working hard' to keep the rents low, with weekly fees ranging from £60 to £130.
Signage promoting Coventry Market will also be 'boosted.' But Sarah Bodger, who runs Ragdoll Crafts, told us that her business had already been badly impacted and she will soon be relocating to Leamington Spa.
Sarah said: “Hoarding is killing Coventry Market. Before they went up, my business was doing really well, I was looking at employing somebody part-time to work with me, and we have now got to the stage where I am not taking enough money to even pay the rent, and my savings are keeping my business afloat. Without help, there is going to be no one left in Coventry Market.”
She continued: “If I stay in Coventry Market, I will not have a business anymore. My savings are being depleted week by week. I have worked hard for over four years for this, and I cannot let it just go.”
Christopher Charley, of the Indoor Market Traders Committee, said: “We have lost five or maybe six stalls in practically the last four months, and over that period of time, Coventry City Council has not really done anything. We have had meetings with them and told them about what they need to be doing, and the responses have been very wishy-washy.”
Coventry City Council said it is working with the Hill Group to ensure the 'best possible future' for Coventry Market. Rents will also be kept 'low' while the redevelopment project is completed.
But Terry Payne, who runs Designer Rugs, said hit back at the level of support. He said: “Coventry City Council has done absolutely nothing, they have not engaged with us, they are fobbing us off, they are thinking we are all going to go away, and we are not. Coventry Market might go away before we go away because that is their negligence.”
