Purpose

Market Asset Management (Doncaster) Ltd (MAM)
have been operating the market estate on behalf of the Council
since May 2019. As part of this agreement they pay a minimum annual
payment (MAP), and insurance and lease costs relating to the
Mexborough market. They also pay the electricity cost relating to
the market estate which is recharged onto them via the Energy
team.
Throughout the last financial year as a result of the ongoing
pressures since covid, the cost of living crisis impacting on
income and escalating energy costs MAM have a level of debt from
the costs outlined above as they have struggled to maintain a break
even position across the facilities. In essence the income
generated by the markets has not covered all the costs incurred to
effectively operate the markets during 2022/23, therefore it has
not been possible to make all the payments due in respect of the
council charges.
See attached Officer Decision Record for further details.

Content

To approve a deed of variation for Market
Asset Management (Doncaster) Ltd, in relation to an agreed payment
plan.