Council considering directing £2.2 million towards Cattle Market regeneration and submits £3.5m bid for “Growth Fund” to secure the future of the Livestock Market in Melton.
At a Special Meeting of the Rural Economic and Environmental Affairs Committee on 27th November Councillors will be asked to set aside £2.2 million to sit alongside a bid for £3.5 million to the LLEP to help secure the future of the Melton Mowbray Livestock Market.
Cllr Joe Orson said:
“Next weeks REEA Committee has an important decision to make on the Councils support towards this project. The Council is committed to retaining the livestock market in its existing location and these proposals aim to secure the future of the livestock market and free up land close to the Town Centre. The Livestock Market is hugely important to the town and it is an anchor for so many small and local businesses, it attracts many visitors to Melton Mowbray. It is also important for the viability of the town centre that the market remains vibrant. The livestock market has regional significance and its edge of town location makes it unique.
If the grant application is successful I believe it will bring significant economic gains for the town. We have had fantastic support for the project from a wide range of local partners, including the Melton Mowbray Market Partners, Homes and Communities Agency, the Town Estate and Melton Mowbray & District Civic Society.”
The development proposals broadly comprise of two phases, the first phase is to replace the existing cattle sheds with new cattle pens and in doing so rationalise the site, releasing an opportunity site on the southern section of the market for a mixed use, food, drink and rural economy hub to complement the existing offer in Melton.
We have been in close liaison with Leicester and Leicestershire Enterprise Partnership (LLEP) and have submitted a bid for £3.5m of grant funding to support the project.
Morgan Sindall ( the Councils contractors) have completed feasibility survey and site investigation works to prepare for a planning application and Pick Everard project managers have developed a cost plan and programme to help put this project in the best possible position to secure government funding.