The market will receive the most significant investment it has ever had with up to £4 million allocated to the project as part of the council’s plan to revitalise the centre.
The proposals include the construction of a new landmark building, between the existing Methodist Church and King George V Park. A two-storey building will frame the new market place as well as create a new eastern gateway into Arnold Town Centre. A new public space will be created as a central focal point for the Market. The new building will provide seven small outlets for local independent businesses with flexible space above, which could be used for a variety of commercial options.
It is estimated the project will create around 40 new jobs through business employment and through the construction of the new buildings.
Leader of Gedling Borough Council, Councillor John Clarke said: “We are very excited to share these ambitious ideas for Arnold Market Place.
“The market and the town centre will benefit from the biggest investment it has ever received and we want residents and businesses to be involved from the outset, which is why we have opened this consultation period.
“We want to create a place that will encourage new, exciting business opportunities whilst making sure the essence of the market, which has stood there for over 50 years, is not lost.
“We made a promise to our residents that we would invest in Arnold Town Centre and the Market and you can see from these plans, that we are keeping that promise.
A consultation on the ideas and concepts will begin on Monday and the council is urging residents to have their say and help shape the future of the market.