Liverpool city council has taken over all market activities after it formally ended a joint venture arrangement with Geraud Markets UK.
The city council today paid a nominal £1 to take over Geraud Markets Liverpool Ltd and will now run all day to day market operations with immediate effect.
The move complements the council’s ongoing programme to invest in market facilities on a ‘’spend to earn’’ basis.
Significant investment has gone into the Great Homer Street market – Greatie (which opened in 2014), the revamped St Johns Market which is due to open in November and a new build at a new location for the Wholesale Fruit and Vegetable facility. The later frees up a strategic site for wider regeneration purposes.
All staff previously employed by the joint venture, which has ran all markets under the council’s charter since 2003, will continue to be employed under the new company – Liverpool Markets Ltd.
Councillor Malcolm Kennedy, Cabinet Member for Regeneration, said: “This deal is a watershed moment in the history of Liverpool’s markets and ensures they will once again become a major asset in our flourishing retail sector.
‘’As a city council we are investing millions in upgrading the facilities and the time had come to take back full control of the operations.
‘’As a result of this new deal we will be able to host, manage, promote and deliver the markets in-house and ensure a standard of quality befitting the new facilities that we are investing in.
‘’This new approach will give current tenants, future traders and customers a single point of contact that will enable us to improve the market offer right across the board from farmer’s markets, international markets and the Christmas markets.”