Leicester Market Redevelopment
July 15, 2026 City Mayor/Executive (Cabinet member) Key decision Awaiting outcome 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 City Mayor approved the disposal of the ground lease interest of the Holiday Inn, St Nicholas Circle, Leicester, LE1 5LX, to the hotel operator, MCAP Global Finance (UK) LLP, for £1.8m plus £20,000 for professional fees on 15/07/2026. The Director of Estates and Building Services approved the valuation, and the City Barrister and Head of Standards Division will prepare documentation.
The Assistant City Mayor, Environment and Transport, approved the implementation of a 20mph Zone in the Mellor Area and the advertisement of the required Speed Limit Order on 13/05/2026. This decision includes the implementation of proposed traffic calming measures.
The City Mayor approved a permanent increase of £105,000 to the Arts & Museum budget ceiling to support festivals and events, and £10,000 one-off funding for the rebranding of the Leicester Riverside Festival on 29/06/2026. This funding will be used to support a broader range of festivals and events across the city.
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 15 Jul 2026 |
| Effective from | 23 Jul 2026 |
| Lead officer | Peter Chandler |
| Subject to call-in | Yes |