Market group have £1.2m pledged for site relocation
A total of £1.2 million has been pledged towards the relocation of Malton Livestock Market so far, says the chairman of the Malton and Ryedale Farmers Livestock Market.
And Pat Foxton has revealed he also hopes to reach an agreement for a new short-term lease at Malton Livestock Market to allow more time to arrange the relocation.
“We are pleased to announce that the Fitzwilliam Trust Corporation have now confirmed their support and offer, made last year, to provide both a site to the north of Eden Camp and a financial sum to the Market Company to help in the cost of providing a new livestock market building at Malton,” he said. “This very generous offer, together with money that has been pledged to date, means that the Market Company now has pledges approaching £1.2M which is fantastic but more funds will be needed to complete this project.”
Boulton & Cooper Stephensons and Cundalls will provide the working capital and the auctioneering services that are needed for the new market - nullifying any bad debt risk to shareholders’ capital, he said in a statement.
Mr Foxton added: “Everyone knows that the lease on the existing market terminates in October 2013. The Directors have had and continue to have meaningful and positive discussions with Mr Roddy Bushell, agent to the Fitzwilliam Malton Estate, and are hopeful of agreeing terms soon for a new short term lease which will give the Market Company more time to arrange relocation.”
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Weather for Malton
Wednesday 19 June 2013
Temperature: 10 C to 17 C
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