What is the Greyfriars Quarter redevelopment in Gloucester?

It's a £13.8m project to create a new market, food hall, park, and cultural hub on the historic Greyfriars monastery site.

Will Eastgate Market move in Gloucester?

Yes, Eastgate Market will relocate to Bell Walk as part of the Greyfriars Quarter redevelopment.

Is Gloucester City Council bankrupt?

The article states Gloucester City Council is facing bankruptcy but is still proceeding with a major redevelopment project.

Home / Business and Economy / Gloucester Faces Bankruptcy Amid Major Redevelopment

Gloucester Faces Bankruptcy Amid Major Redevelopment

10 Dec

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Summary

A £13.8m redevelopment will begin in the new year.
Council faces bankruptcy while approving £4m for phase one.
Eastgate Market will relocate to Bell Walk for a new hub.

Gloucester Faces Bankruptcy Amid Major Redevelopment

Gloucester City Council is moving forward with an ambitious £13.8m redevelopment plan for the Greyfriars Quarter, scheduled to commence in the new year. This significant project will proceed despite the council currently facing bankruptcy. The initial phase, costing £4m, involves the relocation of Eastgate Market to Bell Walk. This strategic move is intended to revitalize the area and create new opportunities.

The wider Greyfriars Quarter scheme encompasses the creation of a new market, a vibrant food hall, and beautifully landscaped park and gardens. These developments will be situated within the historic grounds of the 13th Century Greyfriars monastery. The council views this as a crucial step towards enhancing the city's cultural and economic landscape.

Andy Hearne, the council's head of place, highlighted the dual benefits of this initiative. Relocating the market will pave the way for the old market hall to be transformed into a dynamic cultural and entertainment hub, marking an exciting new chapter for the historic building and Gloucester's urban environment.