Market traders in King’s Lynn could stay trading in the town centre rather than returning to the Tuesday Market Place.
But unless they sign-up for a re-launched Friday market as well, they will face a 50 per cent rent increase.
The Tuesday market was moved into the pedestrianised area of the town centre while the historic market place was revamped.
Members of West Norfolk Council’s regeneration, environment and commmunity panel discussed the market at a meeting last week .
The report to the panel said an initiative to Test the Market with free periods of trading for new stall-holders in Lynn had received a mixed response.
“Initially, interest was high even though, on occasions, those who booked the opportunity failed to show up on the day,” it said.
The report added that a Friday market, which no longer runs, could be re-launched in a bid to rejuvenate the markets and if traders signed-up to both they would not face the rent increase.
The Saturday market had dwindled to just one stall, the report said.
A food traders market was started on the Saturday Market Place, organised by local businesses once a month, but it ended after the December date.
A total of £90,000 is available for King’s Lynn from money via a Section 106 agreement for development on Hardwick Road. The money would be used towards helping the town’s markets.
The report said further areas of the town centre could be used by Tuesday Market traders with the agreement of both the council and the Vancouver Quarter management. Revenue from the market will be split equally between the two.
“The intention for the future use of the granite area of the Tuesday Market Place is that it is available as a flexible space for events and activities,” said the report.