NE1's Bigg Market project has transformed this iconic area of the city and created a vibrant and economically viable area that is an attractive location for businesses, residents, and visitors.
£1.6m HLF allocated funding
£3.2m total project value
£1m public realm investment
£17m+ of additional private sector investment
330 new jobs created
12 historic properties restored
As a key priority in NE1's second BID term, the project set out to transform the economic fortunes of the Bigg Market.
Our objective was 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 was essential that the Bigg Market evolved so as to make a positive contribution to the wider city centre.
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 was worth some £3.2m.
When complete in 2022 the outcome was beyond even our expectations with 12 properties in the area restored, 9 new businesses, more than £17m worth of private sector investment and over 300 new jobs created. The new public realm has created space for businesses to trade where once this was impossible, and new ventures continue to open in the vicinity, adding to an already burgeoning environment in the heart of the city centre.
Further information can be found at www.ne1biggmarket.co.uk where you can read about our historical film collating people's memories of the area, the project's numerous awards including the Lord Mayor's Design Award, and information on murals and artistic installations which were facilitated by NE1.
“The Bigg Market project has been a resounding success and a ringing endorsement of NE1’s approach. The change in the area in the years since NE1 began their work has been nothing short of transformational, and the fruits of their labour are obvious for all to see; it is now a lively and thriving area with new businesses opening their doors and investment from the private sector complementing the works already delivered throughout recent years.”
“Since we first discussed the prospect of scaling up and relocating to the Bigg Market, the support we have received from NE1 has been incredible and has gone way beyond the restoration of our premises. During the summer months, the Bigg Market felt vibrant and alive, and we are absolutely thrilled to be part of its continuing resurgence thanks to NE1’s Bigg Market project.”
“Since the redevelopment of the Bigg Market my business has seen a significant increase in trade on days where markets and events have been held. This has been a welcome boost to business and we look forward to further events.”
Laneway & Co
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