Borehamwood Market is set to close later this year, following a unanimous decision at our Executive meeting earlier this week (Wednesday 8 June).
Our Executive Group announced its plans to close the market at the end of August 2022, when the current contract expires.
The market, which takes place every Tuesday and Saturday along Borehamwood High Street, has seen a significant reduction in demand, footfall and changes with online shopping habits which has resulted in a reduction of stalls and breadth of services.
Councillor Caroline Clapper, Portfolio Holder for Economic Development, said: “The decision to close Borehamwood market was made unanimously by all Executive members. It is not a cost based decision, but based on evidence and consultation with shop keepers and local businesses, and informal discussions with residents, who overwhelmingly stated they do not want the market, as well as the current operator indicating they would not retender for the contract to run the market in the future.
"I appreciate this may be disappointing to some people, but this gives us an opportunity to have a blank slate to look at provision in Borehamwood and to make decisions on what is going to enhance our town, what is going to be fit for the future and what is the best location, because we all want our High Street to thrive.
"Although Borehamwood market will close in August we remain committed to exploring alternative options. Our aim is to rejuvenate the town centre for local people and make Borehamwood a destination town for visitors. To achieve this, we will need to engage with the town council, work with local businesses and listen to local people."
Currently, Borehamwood market has between four and six traders operating, and has seen a steady decline in stallholders and visitors.
To watch the Executive meeting, please go to the 'meetings and elections' section on our website: www.hertsmere.gov.uk.
Posted on Friday 10th June 2022