Developer gets funding to support Wards Corner market traders

Developer gets more funding to support market traders Developer gets more funding to support market traders

The developer of the Wards Corner market has secured money to help market traders on the site.

Grainger, which is planning to develop the site, has been given £284,500 to support local traders in the Seven Sisters market.

The money, from the Mayor of London, will support traders in the Seven Sisters Market who will be affected by Grainger’s Seven Sisters Regeneration Project.

Grainer say the money will be used to temporary relocate the market during the work to ensure it is ‘business as usual’ for traders.

David Walters, Development Director at Grainger plc said: “We are pushing forward to deliver the regeneration of Seven Sisters and this funding, alongside the guarantees and funding we have already put in place, will ensure the continued success of the market.”

The money will go towards a pot already collected to help traders during the redevelopment which includes a £144,300 relocation assistance sum and three months’ rent free in the temporary market.

Also when the new market is completed they will be provided like for like retail space and 30 per cent rent discount for 18 months.

The plans for the new market have been met with strong opposition from the Wards Corner Coalition which announced last month it will mount a legal challenge against Haringey Council’s decision to pass plans for the redevelopment.

Candy Amsden from the WCC said: "This money is just a gesture for traders in the market.

“It’s all good and well doing things to help in the interim but it’s not really going to help in the long term if rents are increased when the new market is completed.

“The council and Grainger don’t want the market there and just want to get rid of it.”

The WCC is waiting for a reply from the council before filing papers with the High Court to seek a judicial review to challenge the council decision.

Comments(4)

janewest2 says...
1:24pm Thu 6 Sep 12

Is this a joke?! Grainger, a private developer, given even more public money on top of the millions already handed over!? What about traders outside the market? What assistance will Grainger give them? Clearly none.

Tottenham4locals says...
12:25pm Fri 7 Sep 12

This article is misleading about what Grainger will actually offer local traders. It conveniently hides the fact that the market will shatter if it has to move away for three years. And when it does supposedly come back, the existing traders will have to pay (according to Grainger's own estimate) 3 times as much for their retail space. So yes, they will be offered the opportunity to return - but no, they won't be able to afford it. And £144,300 might sound like a lot (the article makes it sound like everyone will get this individually) - but it's not much after you've divided that up between all the traders in the market building itself and on all the shops on West Green Road.

Still, this is a minor victory for the Wards Corner campaign, the people trying to save the market building and local traders, because it's a clear acknowledgement that not enough support was offered to traders in the plan that was passed. It's only by kicking up a fuss that this has happened. So well done Wards Corner, and keep up the good work!

Xavier says...
3:49pm Mon 17 Sep 12

The extra money is a joke as the developer is worth a couple of billion pounds. If it really cared about local people and local jobs it could pay the money from their petty cash tin. This grant along with all the millions of public money is just offensive at a time when teachers are being laid off due to funding cuts.

The Latino and Afro Caribbean shops and community market currently on the site will never survive the move to the ugly new development. As the market site only works as it has both retail and social space so acts as community social hub as well as retail space. This has increased the local and visitor footfall which has lead to many other Latino shops springing up in Seven Sisters Road and the High Road. Any loss of Wards Corner endangers other units through loss of foot flow.

Many traders on the site have numerous jobs and many jobs are interdependent on a complex retail chain by which the site has developed. For example one baker has several jobs, a couple in the market, another in a local cafe and another some distance away. Yet his job depends on the shops surrounding the market being able to supply on a flexible basis bulk cheap specialist ethnic food ingredients and store them for him and deal on credit. He also shares a local delivery van driver with other nearby shops on the High Road which lowers their costs. He also uses a local accountant. Good for everyone local and good for local jobs. Another cafe might run on small margins so will use the surrounding shops to stock, store and order in specialist food and drink. The site as a whole is too complicated to just dig up and move like it was an empty shipping container.

The developer is just treating the people as if they were a commodity to be bought and sold and this whole site plan is so badly conceived and the loss of hundreds local jobs in a recession will be catastrophic. You can not destroy over 70 businesses and call that positive. What we need for regeneration is a quality sympathetic plan that reflects a changing multicultural Tottenham.

Just wanting something to happen is not good enough for local people any more, we expect and deserve a higher standard of respect. We all want a plan which comes from listening to local voices and their needs. In short keep all the good parts of the site not throw the people and business away and pretend you care.

Xavier says...
3:49pm Mon 17 Sep 12

The extra money is a joke as the developer is worth a couple of billion pounds. If it really cared about local people and local jobs it could pay the money from their petty cash tin. This grant along with all the millions of public money is just offensive at a time when teachers are being laid off due to funding cuts.

The Latino and Afro Caribbean shops and community market currently on the site will never survive the move to the ugly new development. As the market site only works as it has both retail and social space so acts as community social hub as well as retail space. This has increased the local and visitor footfall which has lead to many other Latino shops springing up in Seven Sisters Road and the High Road. Any loss of Wards Corner endangers other units through loss of foot flow.

Many traders on the site have numerous jobs and many jobs are interdependent on a complex retail chain by which the site has developed. For example one baker has several jobs, a couple in the market, another in a local cafe and another some distance away. Yet his job depends on the shops surrounding the market being able to supply on a flexible basis bulk cheap specialist ethnic food ingredients and store them for him and deal on credit. He also shares a local delivery van driver with other nearby shops on the High Road which lowers their costs. He also uses a local accountant. Good for everyone local and good for local jobs. Another cafe might run on small margins so will use the surrounding shops to stock, store and order in specialist food and drink. The site as a whole is too complicated to just dig up and move like it was an empty shipping container.

The developer is just treating the people as if they were a commodity to be bought and sold and this whole site plan is so badly conceived and the loss of hundreds local jobs in a recession will be catastrophic. You can not destroy over 70 businesses and call that positive. What we need for regeneration is a quality sympathetic plan that reflects a changing multicultural Tottenham.

Just wanting something to happen is not good enough for local people any more, we expect and deserve a higher standard of respect. We all want a plan which comes from listening to local voices and their needs. In short keep all the good parts of the site not throw the people and business away and pretend you care.

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