The finances behind the ambitious plans to relocate Malton Livestock Market have been welcomed by the Fitzwilliam (Malton) Estate.
Accountants working for the landowner spent several days looking at the strength of funding behind the Malton and Ryedale Farmers Livestock Market Company after it was chosen as the preferred operator of the market late last month.
“The estate is encouraged by the confidence shown by the new market operator and its advisers that the resources promised will be in place to relocate the business to new premises yet to be developed,” said a spokesman.
Now the company can run Malton Livestock Market after the current lease expires in October and while it pursues plans to re-locate the market to a new home. To help this happen, the estate has said it will not ask for rent in the meantime.
“This ambitious programme, widely recognised as vital for Malton, enjoys the goodwill of the estate just as it does of the farming community and the town as a whole,” he said. “The estate notes the heavy dependence on the Fitzwilliam Trust Corporation for the new site and for funding, but hopes that the intention to work with the unsuccessful bidder, and to attract further investment, will help to assure success.