RENTS are to increase in Pontypool Indoor Market for the first time in 12 years, it has been announced.
Torfaen cabinet on Tuesday decided to increase rents for permanent stall holders from the current £40 – £144 a week to £200 per square metre a year and will introduce leases for the first time.
For example, a trader who currently pays £120 a week for one of the larger stalls in the market will see their rent go up to £170 a week – an increase of £2,600 a year.
The news comes as a bitter blow to stallholders, who are already struggling in the current economic downturn.
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