Caerphilly Indoor Market has been purchased by the local council and will be turned into offices and homes. The plans are part of the council's ambitious £50m Caerphilly 2035 programme which is set to transform the town centre over the next 15 years.
The strategy includes a new boutique hotel, a new leisure centre, a £30m station, and a new visitor centre at the castle. Work has already begun on several projects. The plans for the market will see the redevelopment of the entire building as well as adjoining properties in Pentrebane Street.
The privately-owned buildings, which are "currently in somewhat poor condition" according to the council, will be transformed by Linc Cymru Housing Association with support from the council and the Welsh Government’s Transforming Towns programme in order to provide new "carbon-zero homes and modern flexible workspace". Deputy council leader councillor Jamie Pritchard said: “This is such an exciting scheme for Caerphilly and signals the start of a bold new future for the town.
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“A key part of the process is to fully engage and work closely with the current market traders. We have met with traders to discuss their requirements going forward and we will do everything possible to accommodate their needs in terms of business support and relocation in Caerphilly. The current privately–owned building is not fit for purpose so we want to explore opportunities for a much-improved market as part of our regeneration plans. I want to assure residents and the local business community that we will deliver this scheme in close cooperation with all interested parties to ensure that we deliver a scheme which is fit for purpose while complementing and enhancing the wider town centre.”
