Leicester Market Redevelopment
August 13, 2026 City Mayor (Individual Decision) (Cabinet member) Key decision Unknown View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Assistant City Mayor - Environment and Transport approved the implementation of a 20mph zone in the Heacham Drive Area on 23 July 2026. This decision included the advertisement of the 20mph Speed Limit Order and the necessary traffic calming measures.
The Assistant City Mayor - Environment and Transport approved the implementation of a 20mph zone in the Mellor Area on 13 May 2026. This decision included the advertisement of the 20mph Speed Limit Order required to implement the scheme.
The City Mayor approved a permanent increase of £105,000 to the Arts & Museum budget ceiling and £10,000 one-off funding for rebranding the Leicester Riverside Festival on 29 June 2026. This decision will support festivals across the city and is funded from the budget strategy reserve.
The City Mayor approved the disposal of the ground lease interest of the Holiday Inn, St Nicholas Circle, Leicester for £1.8m plus a £20,000 contribution towards professional fees on 15 July 2026. This decision was made by way of negotiation with the holder of the ground lease.
Full council record
Purpose
To approve Leicester Market Redevelopment which will create a high quality retail environment for shoppers and traders and a flexible space for events.
Decision
Please Note: This decision was Called-In under Rule 12 of Part 4D of the Council’s Constitution. The Call-In was considered by the Economic Development, Transport and Climate Emergency Scrutiny Commission at its meeting on 26 August 2026 where it was withdrawn by resolution of the Committee in accordance with Rule 12 (g) of Part 4D of the Council’s Constitution. The original decision taken on 13 August 2026 is, therefore, deemed to be revived in its entirety.
To approve the addition of £1.9m to the market capital project, following the requirement to complete additional archaeology works, to be financed by prudential borrowing.
To approve the revised design of the market scheme, comprising 72 larger demountable stalls with increased trading space, delivering a modern, flexible and high-quality environment for traders, residents and visitors.
To approve a rent-free period for market stall holders, unit traders and Food Hall traders from the 13th July 2026 to 31st December 2026, at a cost of £150k.
Reasons for the decision
To deliver the redevelopment of the Market Place and Leicester Market. This will create a modern, versatile, high-quality environment for traders, shoppers and visitors, together with a flexible event space to support specialist markets, seasonal activity, cultural events and community use, ensuring the market remains adaptable, vibrant and sustainable for years to come.
Supporting Documents
Details
| Reference | Call-ins5 |
| Outcome | Item Requisitioned |
| Decision date | 13 Aug 2026 |
| Effective from | 25 Jul 2026 |
| Lead officer | Peter Chandler |
| Subject to call-in | Yes |