The objective of the Bigg Market project is to create an economically viable area that is an attractive location for businesses, residents and visitors.
After the successful 2013 BID renewal NE1 set out its priorities for a second term – key amongst these was the requirement to transform the economic fortunes of the Bigg Market.
Our objective is to capitalise on the area’s fabulous heritage value and deliver an attractive, commercially sustainable destination of quality in the heart of the city. Situated centrally in the area between the recently regenerated Central Station, Grey’s Monument and Grey Street, and on the walking route to the Quayside via St Nicholas’ Cathedral and the Black Gate it is essential that the Bigg Market evolves so as to make a positive contribution to the wider city centre.
But this is no philanthropic project and the capital investment made by interested parties has to earn a return. We’re confident this is achievable.
In late 2014, NE1 applied to the Heritage Lottery fund (HLF) under the Townscape Heritage programme for £1.6m of grant funding to help rejuvenate the Bigg Market, whilst protecting and restoring a key part of the city’s rich heritage.
With other match funding contributions, including from NE1, the City Council and landlords themselves, the project pot will be worth some £3.2m.
Download our 2019-2024 Business Proposal