New Covent Garden Market — [Mr Philip Hollobone in the Chair]

Part of the debate – in Westminster Hall at 3:57 pm on 2 July 2019.

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Photo of Chris Heaton-Harris Chris Heaton-Harris Conservative, Daventry 3:57, 2 July 2019

I am sure the tenants would be delighted to have such an opportunity, but there would obviously have to be some sort of procurement process. That is not a possibility or a probability at this time because there are already contacts signed for the redevelopment of the market. It is a very good piece of real estate in London, where fantastic businesses are sited.

The market’s moves over the years have been driven by congestion more than almost anything else. On each occasion, the market’s success has meant that it needs more space. Ultimately, it moved to its current site because of the lack of space and because of the congestion in the area in the 1960s. Its redevelopment will mean that, for the first time in its 800-year history, in a growing market environment, its size will be reduced substantially.