That the current Schedule of Tolls for
Tiverton Pannier Market remains unchanged in year 2019/20 at the
level set for the year 2018/19
Decision type: Non-key
Decision status: Implemented
Wards affected: Tiverton Castle;
Notice of proposed decision first published: 19/09/2019
Decision due: 17 Sep 2019 by Cabinet Member for Planning and Economic Regeneration
Lead member: Cabinet Member for Planning and Economic Regeneration
Financial, Legal and Equality Issues: This decision would make no change to the current Schedule of Tolls. The level of tolls is reviewed annually. It is difficult time for markets nationally owing to the current economic climate within the high street retail sector and a downturn in footfall generally. There has been 80,000 job losses nationally within the retail sector during 2018. It is considered that increasing tolls at this stage may result in several traders’ businesses becoming unviable. This would have a negative impact on market income and counter our aims of supporting business growth. The market team have managed to ensure that the Market occupancy level has been maintained by offering ‘Business Assists’ to eligible traders which are reviewed regularly. It is also recognised that this year there will be disruption at the approach to the market owing to works on the Council owned Fore Street properties. It is important however that the tolls are reviewed annually as when measures to improve the to