The regeneration of one of London’s most iconic street markets has taken a significant step towards becoming a reality.
The council is working with partners to deliver a comprehensive package of improvements to Petticoat Lane Market and the adjacent Middlesex Street area.
Over the next six months, two major pieces of work will be carried out to improve the market.
A feasibility study will be undertaken exploring options to improve the layout and environment.
Work is also underway to create a new brand and visual identity for Petticoat Lane that reflects the partners’ and local people’s aspirations.
The costs involved in delivering this work will be shared evenly between Tower Hamlets Council and other project partners.
The engagement work will involve market traders, residents and shoppers. The regeneration is a response to a desire from the community to see positive change and they will of course play a role in informing what form that will take.
Mayor John Biggs, said: “The name Petticoat Lane evokes visions of a classic London street market and has long been a staple location on the tourist trail.
“But location and tradition alone are not enough to ensure that the market will continue to thrive in an area that has seen significant economic change in recent years.
“Local businesses, residents and market traders have encouraged the council to consider ways to bring about a new lease of life in order to keep pace with the surrounding area and we have responded by doing just that.
Cllr Joshua Peck, Cabinet Member for Work and Economic Growth, added: “I look forward to seeing the results of the next phase of this exciting project.
“I would encourage residents, traders and other stakeholders to get involved and help shape the future of this iconic location.”
Posted on Friday 2nd March 2018