Decision Maker: Economy and Skills Policy Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 9, 2024

Purpose: To consider policy options in relation to fees and charges for traders within the indoor spaces at St Nicholas Market and fixed on street traders, including within Broadmead.   

Content: That the Economy & Skills Policy Committee:   1.      Approved a 5% increase to be introduced from quarter 1 of 2025/26 (option A2). 2.      Authorised the Executive Director Growth and Regeneration in consultation with the Chair of the Economy and Skills Committee to take all steps required to proceed to consult with all St Nicholas Market traders on options to review fee structures, including the potential to introduce a turnover model. 3.      Noted that a further report will be brought back to committee to take into account the outcome of the consultation and assessment of implications and seek a decision on options for a future fees structure.