UPDATE: Plans for a community space at 14 Market Place in Newark have been abruptly cancelled, with the site now set to be leased as a commercial unit. This decision comes after both Lincoln College and CVS, the previously identified partners for the space, withdrew their interest due to size constraints.
On December 9, 2025, the Newark and Sherwood District Council confirmed that the redevelopment plans, originally budgeted at £373,000, will pivot towards generating income through commercial leasing. The council had initially envisioned a community hub on the ground floor and a residential apartment above. However, after a thorough review, the partners determined the property could not accommodate their needs.
Efforts to engage local businesses and community groups to take on the space as a Community Hub have been unsuccessful. Despite discussions at the Newark Towns Fund Board, no viable tenant emerged, prompting the council to refocus on a commercial strategy. The new plan anticipates an annual rental income of approximately £8,000, an increase from the earlier projected £6,000.
Council leader Paul Peacock addressed the issue, stating, “This has been a difficult issue and has been a time of looking at what else we can use it for… There’s probably been a political failure around this, but it’s clear there’s a need for a community space in that area of the market place.” He emphasized that while the council will revisit the community space concept in the future, the immediate focus must be on making the unit commercially viable.
The cabinet’s decision reflects a broader strategy aimed at maximizing the value of key properties within the council’s portfolio. This change marks a significant shift in priorities for the area, highlighting the challenges of community engagement in urban redevelopment.
As the council moves forward, stakeholders will be watching closely to see how this new commercial venture develops and whether it can deliver on the potential benefits for the town center.
Residents and local businesses are urged to stay informed about future plans that may still address the community’s needs for shared spaces. The council remains committed to exploring solutions that will cater to the demands of the marketplace, keeping the community’s interests in mind as they progress.
