Caistor and District Community Trust have advised this council that the £750,000 loan for the redevelopment of 2-4 Market Place is no longer required.
Whilst finalising our due diligence for the Public Works Loan and waiting for our accounting report on the financial viability of the project, Caistor and District Community Trust advised us that they no longer require the council loan to support the development of 2-4, Market Place. The redevelopment of this historic part of Caistor is incredibly important for the town and the group has done a fantastic job of fundraising for the project. We sincerely hope that the additional funding for the project will be secured, and that we can continue to work together with the Trust to bring the building back into active use.
The article in the Rasen Mail gives further information.