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Decision details

Markets Service - Rent Free Period

Decision Maker: Coronavirus (COVID-19) Decisions

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To approve a rent free period for market traders until the end of July 2020, in accordance with the details reported to the Council’s Incident Management Group.

 

Reasons for the decision:

To help traders overcome expected low footfall (expected to be c25% of what it normally is) to the indoor markets once reopened from 15th June 2020 and to help mitigate increased vacancy rates and long-term financial impacts of this across markets, it is proposed to allow a zero rent until the end of July 2020; however, Service charge will be collected as normal.

 

Urgent item?: Yes

Publication date: 18/06/2020

Date of decision: 10/06/2020