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Developer gets funding to support Wards Corner 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.