‘It’s like home’: Brixton market traders fight to stop site being sold to big business
Summary
Traders at Brixton market are trying to buy the market to keep it community-owned and protect small independent businesses. They are competing with big companies to buy the site, which is listed for £50 million, and hope to prevent a private equity firm from taking over and raising rents.Key Facts
- Traders want to keep Brixton market community-owned to protect independent shops.
- The market is for sale at £50 million, and traders are competing against large companies.
- The Buy Back Brixton campaign has reached the second stage of the bidding process.
- The market is known for its diverse vendors from over 50 countries and strong African-Caribbean community ties.
- Traders worry a private equity owner would increase rents and push out local businesses.
- The current owner planned to redevelop the site, but community opposition stopped those plans.
- Local politicians and the council support the traders’ community bid.
- Traders have raised some funds but need more to meet the asking price and secure a loan.
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