Lincoln’s Cornhill Market is in a “difficult position”, according to a review commissioned by the city’s council, but experts said it was not in crisis.<\/p>\n
Market specialists Next Phase carried out the review of the venue, which reopened after an \u00a38m refurbishment in 2024 but which has run at a loss ever since.<\/p>\n
The company’s report said the market could succeed with a new commercial model, but added there was a need to review everything from the layout to management and marketing.<\/p>\n
Joshua Wells, City of Lincoln Council’s portfolio holder for economic growth, said experts were confident there was a way forward.<\/p>\n
The report said the market had improved noticeably over the last six months, had built a “loyal, repeat customer base”, and recent lettings were on the rise.<\/p>\n
However, the market’s core problem was that it lacked a “settled identity”, the report concluded.<\/p>\n
The review said there was low occupancy from traders, footfall continued to be low, and the back of the hall was underused.<\/p>\n
The market is now 69% occupied, up from a low of 38% last year.<\/p>\n
According to the Local Democracy Reporting Service<\/a>, the report said the council had treated the market as “a building to be attended rather than a venue to be run”.<\/p>\n “Their assessment found that while there was a strong vision for Cornhill Market, the way it has been run hasn’t always matched that vision,” Wells said.<\/p>\n “The challenge is to encourage more people through the doors and create an offer that keeps them coming back.”<\/p>\n The full report and action plan which aims to revitalise the venue will be handed to the City of Lincoln Council next month.<\/p>\n The market’s performance will be discussed at a scrutiny committee next week and an Executive meeting in October will make decisions on how it should be transformed.<\/p>\n Listen to highlights from Lincolnshire on BBC Sounds<\/a>, watch the latest episode of Look North<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Lincoln’s Cornhill Market is in a “difficult position”, according to a review commissioned by the city’s council, but…\n","protected":false},"author":2,"featured_media":776083,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-776082","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/776082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=776082"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/776082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/776083"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=776082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=776082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=776082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}