Funding. Place Projects - 21 June 2019

Indoor market thriving following refurbishment co-funded by D2N2 LEP

An indoor market which received £375,000 via the D2N2 Local Enterprise Partnership, to aid its refurbishment, is attracting new tenants and more shoppers, say promotors.

The £1.8million refurbishment of Idlewells Shopping Centre‘s indoor market in Sutton-in-Ashfield, Nottinghamshire, was completed in January 2018. The cost of the works was met by Ashfield District Council and with £375,000 from the D2N2 Local Enterprise Partnership (LEP); which promotes economic growth across Derby, Derbyshire, Nottingham and Nottinghamshire.

Market promotors say that, since the refurbishment’s completion, trader occupancy has increased by more than 45%(now standing at over 85% of capacity) and that the market’s measure shopper footfall has increased by more than 11%. This is against a challenging time for retail premises nationally.

The latest traders to join the Idlewells indoor market are Dreamcatcher Gifts and Naboulsi’s Pizzeria & Cafe. Pictured are (L-R) Tom Goshawk, Capital Projects Manager for the D2N2 LEP; Abdel Naboulsi of Naboulsi’s Pizzeria & Caffe; Andrew Elson of Dreamcatcher Gifts; and Cllr Jason Zadrozny, Leader of Ashfield District Council.

The refurbishment project created a new market entrance, roof space to allow more natural light, better accessibility, a new seating and café area, and new trader stall counters.

Councillor Jason Zadrozny, Leader of Ashfield District Council,  said: “We’re extremely proud to see the market busier than it’s been in a very long time, both in terms of traders and footfall. National figures show a 3.5% decrease in footfall across the country so to see the market on the rise is a real achievement.”

Tom Goshawk, Capital Projects Manager for the D2N2 LEP, added: “Town centres need strong retail centres and markets at their heart, which is why the D2N2 LEP co-funded the Idlewells indoor market refurbishment. It is great to see that this has led to an increase in trader and customer interest, despite a challenging time for retail premises nationally.”

Andrew Elson from Dreamcatcher Gifts said: “We have seen that over the last 20 years, indoor markets in general have struggled. It’s nice to see Idlewells Market busy with good footfall which we hope will continue to increase.”

53 ME logo blue RGB

Funding from the D2N2 LEP for the project came from its Local Growth Fund (LGF). It has been allocated more than £250million from the UK Government’s Local Growth Fund, to part-fund infrastructure projects in its area which directly help the economy and create jobs.

Local Enterprise Partnerships are playing a vital role in driving forward economic growth across the country, helping to build a country that works for everyone. That’s why by 2021 Government will have invested over £12billion through the Local Growth Fund, allowing LEPs to use their local knowledge to get all areas of the country firing on all cylinders. Government analysis has shown every £1 of Local Growth Fund invested could generate £4.81 in benefits.

Idlewells Market is open 9am-5pm Monday to Thursday, 8.30am-5pm Friday and Saturday. For further information see web link www.ashfield.gov.uk/visiting/markets-and-town-centres/idlewells-market/

Media wanting more information about the D2N2 LEP can contact Sean Kirby, D2N2 Communications Manager, on 0115 9578749 or email: sean.kirby@d2n2lep.org

Latest News & Events

19 April 2024

D2N2 LEP Board Member, Becky Rix, shares her thoughts on the importance of low carbon growth for our region’s future

Read Article

18 April 2024

Two weeks to go – on Thursday 2 May people in our region will decide who leads a £4 billion boost for the East Midlands

Read Article

11 April 2024

D2N2 LEP CEO, Will Morlidge, features in Business Network magazine

Read Article

11 April 2024

Our region’s Youth Voice Ambassadors take centre stage at the Connected Futures Youth Led Event in Birmingham

Read Article

10 April 2024

Sign up to join the EMCCA Adult Education Budget online webcast on Tuesday 16th April

Read Article

09 April 2024

Midlands Net Zero Hub supporting Derbyshire Dales Community Energy scheme

Read Article

28 March 2024

Our region, our mayor, our vote: People in our region will decide who leads a £4 billion boost for the East Midlands

Read Article

27 March 2024

Midlands Net Zero Hub supporting Cromford Mills UNESCO World Heritage site hydro scheme

Read Article

26 March 2024

D2N2 LEP inviting bids for the delivery of Skills Bootcamps Wave 5

Read Article

22 March 2024

D2N2 LEP CEO Will Morlidge presents at the ‘Hydrogen Rail in the Midlands’ conference at Alstom, Derby

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners