GIVEN the impact of the Government’s Covid-19 measures on Cambridge City Council’s market and street trading businesses, and the most likely available Government business support for these traders not being available until June, the council has announced the following revised support package for traders:
- A rent free period of up to 12 weeks from March 23, for all its licensed market and street traders
- To allow all eligible traders, as defined by the Government, to continue to operate on the Council’s city centre market, and for this to be kept under review, should the situation change and the council need to close the market during the national Covid outbreak
- A waiver of the current four week written notice period term, for its registered traders to withdraw from their market license with immediate effect.
In addition, the council will be suspending action for any current rent arrears for three months for current licensed traders. To further support market trader businesses, the council has also brought forward the 4% direct debit rebate for this month, to assist with invoices for the period up until 22 March. Where a market trader has cancelled their direct debit in the last month, they will still be entitled to the rebate.
The above offer revises and clarifies the offer previously made for market traders on 23 March and extends it to include the council’s licensed street traders.
Cambridge city centre has seen a dramatic decline in footfall, following the outbreak of Covid-19 and associated international and national movement restrictions, and the UK Government’s measures to close non-essential retail, including outdoor markets (except where they include essential services) and to restrict peoples’ movements and support staying social distancing.
The council is now working with both market and street traders to help them understand and access any available Government support.
Cllr Rosy Moore, Executive Councillor for Climate Change, Environment and City Centre, said: “We know the coronavirus outbreak is causing deep concern for many small businesses including the council’s market and street traders, so we hope that the measures we are confirming today will provide them with some reassurance.
“The council will continue to explore further options on how it can support businesses during these unchartered times and will work closely with them to try and address all the concerns they have.”