They claim to be losing up to 50 per cent of footfall
Traders say ongoing works at Bedworth's market are making their businesses 'unsustainable'. They say that they are losing up to 50 per cent footfall due to the ongoing works to give the town's indoor market a £715,000 makeover.
Council papers admit that, despite 'best efforts', the works are having an impact on the market itself. It is for this reason that it is being proposed to give the traders eight weeks free rent.
"The market has remained open throughout the refurbishment however despite bet efforts there has been a negative impact on trade," the report states. "Footfall has declined by 50% and serval traders have now complained that this is unsustainable."
The report explains: To support the traders through this period it has been requested that a rent-free period be approved by way of compensation for the disruption.
"The portfolio holder for business and regeneration has requested that support be provide to traders in the form of a rent-free period of 8 weeks.
"The contractors have held several meeting with the traders to try and limit any on going disruption during the refurbishment of the site, however by its nature some disruption cannot be avoided."
The council previously said that the make-over works at the market were due to be complete by March of this year.
The final decision on the rent free proposal will be made at a single cabinet member decision at the Town Hall today (Monday, February 23).
https://www.coventrytelegraph.net/news/local-news/bedworth-traders-say-unsustainable-businesses-33452797