Aim
To safeguard the historic Melton Cattle Market and support the rural economy
The Headlines
- Investment: £3.5m
- Project Sponsors: Melton Borough Council
- Start date: April 2016
- Status: Complete
“The Cattle Market is an integral part of Melton Mowbray’s economy and this award is testament to our drive to push forward and expand our rural development programme and secure Melton’s future as a thriving “Rural Capital of Food”.
– Councillor Joe Orson, Leader of Melton Borough Council, on winning Best Regeneration Project at the RICS East Midlands Awards May 2018.
Melton Mowbray Market has been in existence for over 1,000 years and was granted a charter by King Edward II in 1324. With such historic significance and being a key economic asset for the town, investment in order to meet Defra requirements and ensure the continued operation was vital.
Improvements have included the provision of modern facilities and reconfiguration of the site providing enhanced division between livestock and visitors. This has resulted in improved flows and greater safety across the site, helping to maintain visitor numbers and provide economic benefits to Melton Mowbray town centre.
The Investment has secured the long-term future of a key asset and a vital component in the rural economy in Leicestershire and the wider East Midlands.
Project Outcomes
- Site reclaimed, (re)developed or assembled – 33,980m²
- Jobs created in connection to the improvement works – 191
- Commercial floor space constructed – 4,295m²
- Follow-on investment at the site – £30.4m