An ambitious £17 million project to relocate Malton’s Livestock Market has been given the green light - paving the way for the creation of up to 1,000 jobs.
Councillors with Ryedale District Council’s Planning Committee granted outline permission for the historic market’s move to land in Old Malton at a meeting on Thursday evening.
The 18-hectare site near Eden Camp will also see the creation of a business park for agricultural enterprises, a base for Bishop Burton College and a retail complex.
It is hoped the project will provide a major shot in the arm for the local economy and create between 800 to 1,000 jobs.
Derek Watson, owner of Cundalls and a director of Malton and Ryedale Farmers Livestock Market Company, told the council: “It is important that Malton retains a viable livestock market.
“We have the chance now to build a new market which will support and enhance the future of Ryedale’s livestock farmers.
“It will bring more footfall into Malton, help the shops, the banks, the accountants, the solicitors - the whole town will benefit from this market. It will expand and we will see more people coming to it, more farmers, more buyers, more money into the area.
The scheme, from Commercial Development Projects and the Fitzwilliam Trust Corporation, will be partly funded by 300 properties built on land at the showfield on Pasture Lane, Malton; Westgate, Old Malton; and Rainbow Lane, Malton.