Dorchester Market suffers another drop in income

Dorchester Market suffers another drop in income

Published by Maria Greenwood at 7:48am 28th January 2020. (Updated at 8:02am 28th January 2020)

Dorchester Market is continuing the trend of decline, with another drop in income.

Projected end of year figures are expected to be £14,000 lower than budget predictions.

The rents from the main Wednesday market are projected to have dropped from £81,000 to just under £70,000 with income from the Sunday car boot sales and the farmers market also less than anticipated.

Dorchester Sunday car boot sale 4
Dorchester Sunday car boot sale.

The net profit from the main market is thought to be 25 per cent down compared to the previous year, which had also seen a fall.

'Still an earner for local councils'

But the venture is still a money earner for Dorset Council and Dorchester Town Council with the unitary authority expected to take £68,220 in income from it and the town council £36,734 after setting aside the car boot proceeds to donate to community organisations. 

Market managers also take a profit from the venture.

'Decline' 

A report to the markets panel tomorrow (29 January) says that while work has been done to try and improve the fortunes of the market the decline has continued: 

"Market revenues have been falling for many years owing to the changing pattern of retailing, internet purchasing, and general trends of markets failing to meet the requirements of younger shoppers."

Wednesday market - fruit & veg stall January 22

Councillors are being asked to review the situation and report back with any new proposals that could reverse the market’s fortunes.

It has previously carried out a face to face and online survey in an attempt to work out why the market continues to decline.

By Trevor Bevins, Local Democracy Reporter