Traders plan Hereford Buttermarket bid

Buttermarket, Hereford The 19th Century building is home to about 55 market stalls

Related Stories

Market traders could take over the running of Hereford's Buttermarket.

The 19th Century building, owned by Herefordshire Council, is home to about 55 traders.

Earlier this week the local authority called for developers and other organisations interested in redeveloping it to come forward.

Steve Dixon, chairman of the traders' association, said stallholders were planning to put together their own bid to protect the Buttermarket's future.

"We're setting up a group and we are putting together the expression of interest for a CIC, a Community Interest Company," he said.

"All the profits would be ploughed back into the community. This way we can lease it from the council and the council will still retain ownership."

Mr Dixon said the traders' CIC would be able to apply for grants currently not open to the local authority.

"About five years this has been running and we've had various development companies looking at us, but the same problem has occurred each time, that the amount of investment needed makes it very difficult for them to make a profit," he added.

Last year, Herefordshire Council put forward plans to transfer its ownership as part of savings measures.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Hereford & Worcester



Min. Night 8 °C

Features & Analysis

  • Prostitute in red light district in Seoul, South KoreaSex for soldiers

    How Korea helped prostitutes work near US military bases

  • LuckyDumped

    The rubbish collector left on the scrap heap as his city cleans up

  • A woman gets a Thanksgiving meal at a church in FergusonFamily fears

    Three generations in Ferguson share Thanksgiving reflections

  • Canada joins TwitterTweet North

    Canada's self-deprecating social media feed

Elsewhere on the BBC

  • IslandsUnmapped places

    Will the age-old quest to capture uncharted land and space ever end?


  • All-inclusive holidaysThe Travel Show Watch

    With all-inclusive holidays seeing a resurgence are local trades missing out to big resorts?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.