Leyland market is facing a cashflow crisis, despite being more successful than ever.
Crippling maintenance costs and rising bills are having a devastating effect on markets across Lancashire, with Lancaster Market set to close for good this year, and nearby Preston’s indoor market being forced to relocate outside.
In contrast, Leyland has become a success story in the county, as the only one with every stall occupied. Visitor numbers increased by around 14,000 during the last financial year.
But new figures show that South Ribble Council actually made £24,000 LESS from the market in 2011/12 than during the previous year.
Coun Stephen Robinson, cabinet member with responsibility for finance and resources, said: “It’s really good news that Leyland Market is continuing to grow in popularity, with an extra 14,300 visitors last year.
“Since it opened in 2000, it has consistently generated a trading surplus that’s helped fund other council services, and that’s still the case now.
“However, like everyone else, the market has faced a number of increased costs in the past year, particularly on our energy bills, as well as maintenance, utilities and business rates.”
Leyland market generated £32,037 in 2011/12, compared to £56,903 the year before. And it’s estimated that in 2012/13, trading surplus will decrease further, to £29,456.
- For the rest of this story, see this week’s Leyland Guardian.