Market is to close following rates row

A popular market has closed after 20 years, following a failed bid by owners to reduce running costs.

A spokesman for the Thoresby Estate, which runs the Thoresby Sunday Market, said they had appealed against ‘very high business rates’ on its Market Field site.

But the estate has now been advised by the Valuation Office Agency, which is responsible for monitoring business rates, that the current levels are correct and there is no possibility of a reduction.

And the Thoresby Estate, owned by the Pierrepont family, has now taken the decision to close the market.

A spokesman said: “The current level of business rates makes the market unsustainable and as a result the estate has, unfortunately, been left with no other choice but to close Thoresby Sunday Market.

“Thoresby Estate would like to sincerely thank its customers, traders and staff for their support over the years. It is extremely disappointing that something beyond the estate’s control has forced the closure of the market.”